Sprint Announces Pricing of Senior Notes Offering

  Sprint Announces Pricing of Senior Notes Offering

Business Wire

OVERLAND PARK, Kan. -- November 08, 2012

Sprint Nextel Corp. (NYSE:S) announced today that it has priced an
underwritten public offering of $2.28 billion aggregate principal amount of 6
percent notes due 2022. The sale of the notes is expected to close on Nov.14,

Sprint intends to use the net proceeds from the offering for redemptions of
outstanding debt.

The joint book-running managers for the offering are Merrill Lynch, Pierce,
Fenner & Smith Incorporated, Barclays Capital Inc., Citigroup Global Markets
Inc., Deutsche Bank Securities Inc., Goldman, Sachs & Co. and J.P. Morgan
Securities LLC.

This press release shall not constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of these securities in any
state in which such offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such state.

These securities are being offered pursuant to an effective shelf registration
statement previously filed with the Securities and Exchange Commission, and a
preliminary prospectus supplement and accompanying prospectus describing the
terms of the offering have been filed with the Securities and Exchange
Commission. You may obtain a preliminary prospectus supplement and prospectus
by visiting EDGAR on the SEC website at http://www.sec.gov or by contacting
Merrill Lynch, Pierce, Fenner & Smith Incorporated at Attn.: Prospectus
Department, 222 Broadway, 11th Floor, New York, NY 10038, by calling toll free
1-800-294-1322 or by emailing dg.prospectus_requests@baml.com; Barclays
Capital Inc. at c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, New York 11717, or by calling toll free 1-888-603-5847 or by
emailing barclaysprospectus@broadridge.com; Citigroup Global Markets Inc. at
Attn.: Citigroup Prospectus Delivery Department, Brooklyn Army Terminal, 140
58th Street, 8th floor, Brooklyn, NY 11220, or by calling toll free
1-800-831-9146 or by emailing batprospectusdept@citi.com; Deutsche Bank
Securities Inc. at Attn.: Prospectus Group, 60 Wall Street, New York, NY
10005-2836, or by calling toll free 1-800-503-4611 or by emailing
prospectus.CPDG@db.com; Goldman, Sachs & Co. at Attn.: Prospectus Department,
200 West Street, New York, NY 10282; or by calling 1-866-471-2526; or J.P.
Morgan Securities LLC at Attn.: HY Syndicate, 383 Madison Avenue, 3rd floor,
New York, NY 10179, or by calling collect 1-212-834-4533.

About Sprint Nextel

Sprint Nextel offers a comprehensive range of wireless and wireline
communications services bringing the freedom of mobility to consumers,
businesses and government users. Sprint Nextel served nearly 56 million
customers at the end of the third quarter of 2012 and is widely recognized for
developing, engineering and deploying innovative technologies, including the
first wireless 4G service from a national carrier in the United States;
offering industry-leading mobile data services, leading prepaid brands
including Virgin Mobile USA, Boost Mobile, and Assurance Wireless; instant
national and international push-to-talk capabilities; and a global Tier 1
Internet backbone. The American Customer Satisfaction Index rated Sprint No. 1
among all national carriers in customer satisfaction and most improved, across
all 47 industries, during the last four 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.

Cautionary Note Regarding Forward-Looking Statements

This news release includes “forward-looking statements” within the meaning of
the securities laws. The statements in this news release regarding Sprint
Nextel’s current expectations and beliefs as to the consummation of the
offering of notes and uses of proceeds thereof, as well as other statements
that are not historical facts, are forward-looking statements. Forward-looking
statements are estimates and projections reflecting management's judgment
based on currently available information and involve a number of risks and
uncertainties that could cause actual results to differ materially from those
suggested by the forward-looking statements. All information set forth in this
release is as of November 8, 2012. Sprint Nextel does not intend, and
undertakes no duty, to update this information to reflect future events or
circumstances. Information about certain potential factors that could affect
our business and financial results and cause actual results to differ
materially from those expressed or implied in any forward-looking statements
are included from time to time in our filings with the Securities and Exchange
Commission, including Part I, Item 1A “Risk Factors” of our annual report on
Form 10-K for the year ended December 31, 2011 and Part II, Item IA “Risk
Factors” of our quarterly report on Form 10-Q for the quarter ended September
30, 2012.


Sprint Nextel
Media Contact:
Scott Sloat, 240-855-0164
Investor Contact:
Brad Hampton, 800-259-3755
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