February 27, 2007

RESTON, Va.--(BUSINESS WIRE)--Feb. 27, 2007--Sprint Nextel Corp. (NYSE:S) today announced that its board of directors has declared first quarter dividends for Sprint Nextel Common Stock. A dividend of 2.5 cents per share is payable March 30, 2007, to shareholders of record at the close of business on March 9, 2007.

About Sprint Nextel

Sprint Nextel offers a comprehensive range of wireless and wireline communications services bringing the freedom of mobility to consumers, businesses and government users. Sprint Nextel is widely recognized for developing, engineering and deploying innovative technologies, including two robust wireless networks serving 53.1 million customers at the end of 2006; industry-leading mobile data services; instant national and international walkie-talkie capabilities; and an award-winning and global Tier 1 Internet backbone. For more information, visit www.sprint.com.

    CONTACT: Sprint Nextel Corporation
             Media Contact:
             James Fisher, 703-433-8677
             Investor Relations Contact:
             Kurt Fawkes, 800-259-3755

    SOURCE: Sprint Nextel Corporation