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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) July 7, 2009
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SPRINT NEXTEL CORPORATION
(Exact name of Registrant as specified in its charter)
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Kansas 1-04721 48-0457967
(State of Incorporation) (Commission File Number) (I.R.S. Employer
Identification No.)
6200 Sprint Parkway, Overland Park, Kansas 66251
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (800) 829-0965
(Former name or former address, if changed since last report)
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Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
|_| Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))
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Item 8.01 Other Events.
On July 7, 2009, Sprint Nextel Corporation (the "Company") entered into an
agreement with Ericsson through which Ericsson will assume the day-to-day
execution of services, provisioning and maintenance for Company-owned CDMA, iDEN
and wireline networks. The seven year agreement, with an option for renewal,
will result in payments for services valued at $4.5 to $5 billion over the
initial term. As part of the agreement, approximately 6,000 Company employees
will begin performing their network functions as employees of Ericsson Services
Inc., a wholly-owned Ericsson subsidiary based in Overland Park, KS, in the
third quarter of 2009.
The Company is not transferring ownership or control of its network assets and
will continue to solely control network strategy and investment decisions. The
Company retains full control of the customer experience, customer technical
support and services review. In addition, the Company retains the right to make
all policy, legal and regulatory decisions applicable to the Company's networks.
Through this agreement, the Company expects to gain a competitive advantage by
augmenting its network with global best practices and state-of-the-art tools
provided by 30,000 additional highly specialized network experts, while
realizing immediate cost-savings on labor, network management and operations.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
The following exhibit is furnished with this report:
Exhibit No. Description
99.1 Press Release Announcing Network Services Agreement
with Ericsson
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
SPRINT NEXTEL CORPORATION
Date: July 9, 2009 /s/ Timothy O'Grady
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By: Timothy O'Grady
Assistant Secretary
EXHIBIT INDEX
Number Exhibit
99.1 Press Release Announcing Network Services Agreement
with Ericsson