Sprint Corporation, known to most as simply Sprint, was founded in 1899 as Brown Telephone Company by Jacob and Cleyson Brown. By 1925, the company merged with United Telephone and Electric.
Today, Sprint is a wireless telecommunications company that also provides internet service. The company operates in the US, Canada, and Puerto Rico. In addition to Sprint, the company also operates under the names Virgin Mobile, Boost Mobile, and Assurance Wireless. Sprint is traded on the NYSE under the ticker symbol: S. In 2016, the company had annual revenue of $32.18 billion and employed approximately 30,000 people.
Sprint operates as a subsidiary of Softbank Group Corporation after Softbank acquired a majority share in 2013. In 2006, Sprint spun off their landline phones into a company named Embarq, which was later acquired by CenturyLink.
The company announced in July 2019 that hackers accessed customer accounts after gaining access through Samsung‘s website.
Sprint is attempting to merge with T-Mobile and began laying off employees in July 2019 in preparation. The merger is opposed by many and involves multiple lawsuits in 13 states and the District of Columbia.