This excerpt taken from the S 10-K filed Feb 26, 2010.
SPRINT NEXTEL CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Sprint Nextel Corporation and its subsidiaries (Sprint, we, us, our or the Company) is a communications company offering a comprehensive range of wireless and wireline communications products and services that are designed to meet the needs of individual consumers, businesses, government subscribers and resellers. We have organized our operations to meet the needs of our targeted subscriber groups through focused communications solutions that incorporate the capabilities of our wireless and wireline services. As a result of the acquisition of Virgin Mobile USA, Inc. (VMU) on November 24, 2009 and iPCS, Inc. (iPCS) on December 4, 2009 (See Note 3), the operations of VMU and iPCS are consolidated prospectively from their respective acquisition dates.
The Wireless segment includes retail and wholesale revenue from a wide array of wireless mobile telephone and wireless data transmission services and the sale of wireless devices and accessories in the U.S., Puerto Rico and the U.S. Virgin Islands.
The wireline segment includes revenue from domestic and international wireline voice and data communication services, including services to the cable multiple systems operators that resell our local and long distance service and use our back office systems and network assets in support of their telephone services provided over cable facilities.
Sprints fourth generation (4G) technology capabilities exist through our mobile virtual network operator (MVNO) relationship with and 56% ownership interests in Clearwire Corporation and its consolidated subsidiary, Clearwire Communications LLC (together, Clearwire). Clearwire is deploying Worldwide Interoperability for Microwave Access (WiMAX) technology as a new network in markets that we serve. The services supported by this technology gives subscribers with compatible devices high-speed access to the Internet and a variety of increasingly sophisticated data services (See Note 4).
This excerpt taken from the S 8-K filed Feb 10, 2010.