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Milestone Events Making Sprint History: 1996 - present

1996

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
http://www.sprint.com/companyinfo/history/i/jdpower.gifJ.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