Company analysis of sprint Essay Example | Topics and Well Written Essays - 1500 words

Company analysis of sprint - Essay Example The company is a major conglomerate that has acquired various smaller entities that provide mobile telecommunications, Internet and other wireless services. The company is a public entity that is traded on the New York Stock Exchange and its functions can be traced back to 1899 when Brown Telephone Company was founded to provide telephone services to Kansas. The company therefore has a lot of services that are provided by different specialized entities in the group. The main focus is on growing and expanding in order to enter profitable niches and sectors of the global telecommunication industry Sprint was founded by Cleyson Brown in 1899 and he sought to introduce telephone technology to his home state of Kansas and he did this by introducing Brown Telephone Company as a monopoly in Abilene, Kansas (Sprint Nextel para 2). The company expanded its services to different parts of the state of Kansas and by the end of the Second World War, Brown Telephone Company had a firm grip on the Southern USA markets. It expanded gradually to different parts of the United States and used aggressive growth strategies to penetrate into other parts of the American markets. By the mid-1970s the company had positioned itself as the largest independent local telephone company (Sprint Nextel para 3). Then the markets for long-distance communication grew in the 1980s through the introduction of digital and fiber-optic networks. Sprint moved to take the opportunity and invested in these new technologies. With time, the company became a pioneer in data collections and became the largest commercial packet data network in the United States in 1980. In the 1990s, Sprint grew to focus on consumer and business clients and this allowed them to specialize in the voice and data services. There was a merger in 1993 of Sprint and Centel which created the impetus for a local provider and wireless service that focused on long-distance communication.