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Milestone Events Making Sprint History: 1899 - PRESENT
1800
- 1899
-
Cleyson
L. Brown organizes the Brown Telephone Company in
Abilene, Kansas. This company's evolution over the next
century creates the industry leader and global innovator
known as Sprint
1900
- 1942
- Sprint's name is changed from Brown
Telephone Company to United Utilities
- 1961
- United Utilities stock splits 2 for 1
on April 6
- 1965
- United Utilities stock splits again 2
for 1 on January 25
- 1972
- Sprint's name is changed from United
Utilities to united Telecommunications
- 1976
-
After
decades of expansion, the diversified $1 billion company
(then called United Telecommunications or United
Telecom) serves more than 3.5 million local telephone
lines coast-to-coast
- 1984
-
Plans
are announced for the first nationwide 100% digital
fiber optic network, which is completed in 1987
- 1986
-
The
Company launches long distance service under Sprint
brand name. The famous "pin drop" commercials boost
brand awareness and corporate image
- The long distance division, now known
as Sprint, completes the nation's first coast-to-coast
fiber optic transmission
- 1988
- Sprint wins a major share of the FTS2000 contract
for the U.S. government's advanced telecommunications
system
-
Sprint
becomes the first long distance carrier to install
Signaling System 7 throughout its network
- 1989
-
Sprint's
first transatlantic fiber optic phone call is also an
industry first
- Sprint stock splits two-for-one on
December 28
1990
- 1990
- Sprint forms an
international subsidiary to
globally market SprintNet®, one
of the world's largest public
data networks, along with other
international services
- 1991
-
United
Telecom deploys the first
nationwide public Frame Relay
service.
- 1992
-
United
Telecom adopts the nationally
recognized identity of its long
distance unit, changing its name
to Sprint Corporation.
- 1993
- Following its merger with
Centel Corporation, Sprint
becomes the only major U.S.
telecommunications company
providing long distance, local
and wireless services
-
Sprint
long distance leads in two major
high-speed components of the
"information superhighway." The
company is the first U.S.
carrier to offer Asynchronous
Transfer Mode (ATM) service and
the first to announce plans for
a nationwide Synchronous Optical
Network (SONET)
- Sprint provides
service to more than 6.1 million
local customer lines in 19
states, with more than 96% of
these lines served by digital
switching
- 1994
- Sprint announces plans to
join in a global partnership
with two of the world's largest
telecommunications companies,
Deutsche Telekom and France
Telecom
- Sprint
announces plans for a powerful
new venture with three of the
nation's major cable television
companies, Tele-Communications,
Inc. (TCI), Comcast Corp. and
Cox Cable. The four companies
outline plans to build a
nationwide network to provide
wireless personal communications
service (PCS), and also affirm
their support for a single
integrated offering of wireless,
local telephone and long
distance services in a package
with cable television service
- 1995
- Along with its strong
position in the U.S., Sprint's
North American presence includes
relationships with Canadian and
Mexican telecommunications
providers, as the company begins
promoting a full range of
cross-border services for the
corporate, consumer and carrier
markets
- Sprint's local division
surpasses 6.5 million local
customer lines
- Sprint and its partners win
the rights to PCS wireless
licenses in 29 U.S. major
trading areas, more than any
other company or consortium
bidding in the FCC's first
auction of next generation
wireless licenses
-
Sprint
announces the completion of the
first coast-to-coast
telecommunications route that
ensures voice, data, image and
video service without
interruption, even in the event
of a cable cut or electronics
failure
-
- 1996
- Sprint's global alliance
with Deutsche Telekom and France
Telecom begins doing business as
Global One
- Sprint spins off its
cellular division into 360°
Communications Company
- Sprint
announces plans to install
optical wavelength division
multiplexing technology in its
nationwide network. The
technology will increase the
capacity of its nationwide fiber
network by 1,600%
- 1997
- Sprint announces that more
than half of its long distance
traffic has been rolled to its
"bulletproof" SONET network,
creating a new industry standard
for network reliability
-
Sprint
directly acquires PCS wireless
licenses which, along with those
held by the Sprint PCS joint
venture, result in
Sprint-branded PCS coverage of
nearly 260 million people across
the United States, Puerto Rico
and the U.S. Virgin Islands
- One year after its
inception, Global One has 1,200
points of presence in 65
countries
- Sprint acquires
Paranet, Inc., a leading
provider of integration,
management and support services
for distributed computing
technology. Sprint Paranet
provides data management
services that extend from the
desktop to local and wide area
networks.
- 1998
- Sprint announces the
Integrated On-Demand Network, or
Sprint ION - a project to
provide homes and businesses
with simultaneous voice, video
and data services over a single
existing telephone line
- The company's local division
begins selling the complete
Sprint portfolio of products and
services
- For the fourth consecutive
year J.D. Power and Associates
rates Sprint No. 1 in customer
satisfaction among high volume
long distance users, noting the
company's strong performance in
credibility, cost and value,
customer service and
straightforward, understandable
promotions
- Sprint announces plans to
significantly boost the
transmission speed and bandwidth
of its Internet backbone to the
fastest type of service
available, an upgrade designed
to increase Sprint's bandwidth
by more than 400 percent and
deliver even more reliable and
higher speed connectivity for
consumers
- Sprint announces an
agreement to assume 100%
ownership and management control
of Sprint PCS, its wireless
joint venture with TCI, Comcast
Corporation and Cox
Communications, Inc
- With its 100th SONET ring in
operation, 85% of Sprint's
services are now rolled into
this state of the art
transmission system
- Sprint and EarthLink
Network, Inc. announce an
alliance that creates a combined
base of 600,000 Internet access
customers
- The 1998 Data
Communications' annual Data Comm
Users' Survey notes the
company's advances in the
value-added and technical
service categories of frame
relay and Internet access
- 1999
- Sprint announces approval of
a two-for-one split of the
company's FON stock in the form
of a dividend payable in Sprint
FON shares. The new shares will
issue on June 4, 2000, to May 13
shareholders of record
- J.D. Power & Associates
rates Sprint No. 1 in their
annual customer satisfaction
study for the 5th consecutive
year in the over $50/month
high-volume long distance
segment
- Fortune's 1999 list of
America's "Most Admired
Companies" ranks Sprint first in
the telecom category for all
eight attributes of corporate
reputation: innovation, quality
of management, employee talent,
quality of products and
services, long-term investment
value, financial soundness,
social responsibility and use of
corporate assets
- Sprint and MCI
WorldCom announce an historic
agreement to merge, a move that
will create the pre-eminent
global communications company
for the 21st century. The
combined company, to be called
WorldCom, will provide a full
range of services to residential
and business customers on its
owned, end-to-end,
state-of-the-art network
infrastructure.
2000
- 2000
- Sprint announces its
agreement with Deutsche Telekom
and France Telecom to sell
Sprint's interest in Global One,
the three companies'
international telecommunications
venture. Sprint will receive
$1.13 billion in cash and
repayment of $276 million in
debt for its entire stake in
Global One
- The company reports record
first quarter results. Sprint's
consolidated net operating
revenues for the quarter were
$5.48 billion, an 18 percent
increase from $4.65 billion in
the first quarter of 1999
- On April 28, shareholders of
Sprint and MCI WorldCom approve
a proposed Integration of these
two strong companies into one
global services provider will
deliver lower cost, higher
quality services to more
customers than ever before
- On July 13, Sprint and MCI
WorldCom mutually agreed to
terminate the merger, citing the
set of conditions ultimately
demanded by the U.S. Department
of Justice would have
compromised the customer and
financial benefits of the
merger. The companies decided it
was not in the best interest of
shareholders, customers and
employees to pursue protracted
litigation
- Sprint announces ongoing
strategy to focus on
high-growth, data-driven
initiatives in the wireline
industry and build Sprint PCS
into a "wireless powerhouse."
- Sprint forms a
new business unit, Sprint
E|Solutions, providing business
customers with a full suite of
Internet services, including
network access, web hosting,
applications management, and
business and systems integration
- 2001
- Sprint PCS announces its
migration strategy to third
generation (3G) technology,
increasing voice capacity and
data speeds and allowing
customers to experience new and
richer applications on the
Sprint PCS network
- Sprint and Dell Computer
form an alliance to develop a
comprehensive array of bundled
hosting solutions tailored to
the growing needs of small and
medium business customers using
Dell servers and storage and
selected telecom services from
Sprint
- Sprint delivers its
high-speed, pan-European IP
network, the first with a 10
Gbps (gigabit per second)
trans-Atlantic IP backbone,
connecting 11 cities across
Europe
- Sprint terminates its
efforts to develop and provide
Sprint ION services and takes
additional steps to improve its
competitive position, reduce
operating costs and focus more
sharply on high-growth areas of
the telecom market, including
data and wireless. Long distance
voice strategy targets bundling.
- Sprint and America Online,
Inc., the world's leading
interactive services company,
form a new strategic alliance to
offer AOL members a variety of
Sprint's affordable
long-distance plans, branded
"AOL Long Distance provided by
Sprint"
- Sprint
E|Solutions opens its tenth
hosting center in Los Angeles,
bringing the business unit's
total hosting space to more than
1.5 million square feet
nationwide; E|Solutions signs
agreement with eBay for to
provide expanded hosting
solutions for the popular online
marketplace
[Source=Sprint Website]
2006
Sprint spins off it's local telephone
division: On May 17, 2006, communications
history was made as a new company emerged on the
scene: EMBARQ, with the trading symbol EQ. Two
weeks later, on June 1, 2006, Wall Street was a
sea of green with singers, banners and
celebrations as Dan Hesse, the new company’s
chairman and CEO, rang the bell at the New York
Stock Exchange communicating for the first time
to the public EMBARQ’s arrival.
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