Fact Sheet: Sprint Corporation

Following completion of the merger with SoftBank Corp., here are some key facts:

Name of company: Sprint Corporation

Headquarters: The company’s headquarters will remain in Overland Park, Kansas.

Chief Executive Officer: Dan Hesse

Chairman of Sprint Corp. Board of Directors: Masayoshi Son, founder, Chairman and CEO of SoftBank

Vice Chairman: Ronald Fisher, director of SoftBank and president of SoftBank Holdings Inc.

Additional Board members:

Dan Hesse will serve on the board of directors.
Admiral Michael G. Mullen, Former Chairman, Joint Chiefs of Staff, has been named to the Sprint Corporation board of directors as Security Director.
Robert Bennett, Gordon Bethune and Frank Ianna, who are currently members of the Sprint board, will also serve on the Sprint Corporation board of directors.
SoftBank and Sprint have not yet determined the remaining members of the Sprint Corporation board of directors.

Merger:

SoftBank has invested approximately $21.6 billion in Sprint, consisting of approximately $16.6 billion to be distributed to Sprint stockholders and an aggregate $5 billion of new capital ($1.9 billion at closing) to strengthen Sprint’s balance sheet.
SoftBank will own approximately 78 percent (calculated on a fully diluted basis).
As a result of the transaction, the ownership of current Sprint equityholders will be approximately 22 percent (calculated on a fully diluted basis).
Sprint Corporation will be listed and traded on the New York Stock Exchange under the ticker symbol, “S”.

Sprint:

Sprint served more than 55 million customers at the end of the first quarter of 2013.
Operates wireless and wireline networks to serve consumer and business customers.
Sprint is widely recognized for developing, engineering and deploying innovative technologies, including the first wireless 4G service from a national carrier in the United States.
Sprint continues to operate leading prepaid brands such as Virgin Mobile USA, Boost Mobile, and Assurance Wireless.
The American Customer Satisfaction Index rated Sprint as the most improved company in customer satisfaction, across all 47 industries, during the last five years.
Newsweek ranked Sprint No. 3 in both its 2011 and 2012 Green Rankings, listing it as one of the nation’s greenest companies, the highest of any telecommunications company.

SoftBank:

SoftBank was established in 1981 by its current Chairman & CEO Masayoshi Son and has based its business growth on the Internet. It is currently engaged in various businesses in the information industry, including mobile communications, broadband services, fixed-line telecommunications, and portal services.