Sprint Nextel (NYSE: S) is a telecommunications company, offering both wireless and wireline products and services under the Sprint umbrella brand, which consists of Sprint, Nextel, Boost Mobile, Virgin Mobile and Assurance Wireless sub-brands. Sprint's business is organized into several segments--wireless, wireline, network infrastructure, CMDA network, and iDEN network. In fiscal year 2010, Sprint reported revenues of $32.6 billion and net loss of ($3.5) billion.

As of late, Sprint Nextel has sought strategic partnerships and acquisitions to compete with AT&T and Verizon Wireless. In the past two years, Sprint has partnered with Ericsson, Virgin Mobile, and IPCS in order to reduce costs and leverage revenue synergies from expanded subscriber networks.

(Read more at Wikinvest )