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Sprint Corp. FON Common Stock
Ticker Symbol: FON*     CUSIP: 852061100     Exchange: NYSE
* Symbol changed!! New symbol: S as of 8/12/05
New Company Name: Sprint Nextel Corp.

Company's Online Profile
BUSINESS:  Sprint is a global communications company serving more than 23 million business and residential customers in more than 70 countries. With 80,000-plus employees worldwide and more than $26 billion in annual revenues, Sprint is widely recognized for developing, engineering and deploying state of the art network technologies, including the United States' first nationwide all-digital, fiber-optic network. Sprint's award-winning Tier 1 Internet backbone is being extended to key global markets to provide customers with a broad portfolio of scalable IP products. Sprint's high-capacity, high-speed network gives customers fast, dependable, non-stop access to the vast majority of the world's Internet content. Sprint also operates the largest 100-percent digital, nationwide PCS wireless network in the United States, already serving the majority of the nation's metropolitan areas including more than 4,000 cities and communities.

Notes:  08/16/2005 -- Sprint Nextel Corporation (NYSE: S) today announced that, in connection with the completion of the merger transaction between Sprint Corporation and Nextel Communications, Inc. on Aug. 12, 2005, holders of Nextel common stock will receive 1.26750218 shares of Sprint Nextel common stock and $0.84629198 in cash in exchange for each share of Nextel common stock. The per share cash amount of merger consideration is based on the cash ratio of 0.03249782, multiplied by $26.0415, the average of the per share closing prices of shares of Sprint series 1 common stock during the 20 trading day period on the New York Stock Exchange ending on (and including) the closing date. As soon as practicable, UMB Bank, N.A. (the exchange agent) will send a transmittal letter to each holder of Nextel common stock. The transmittal letter will have instructions with respect to obtaining the merger consideration in exchange for shares of Nextel common stock. Shares of Sprint common stock remain outstanding following the merger. Consequently, holders of Sprint stock do not need to exchange their existing certificates. Existing Sprint stock certificates represent the number of shares of Sprint Nextel stock equal to the number of shares of Sprint stock held immediately before the completion of the merger.

Large Cap Stock -   Market Value $ 10.3 Billion

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Address and Phone Numbers
Address:   2330 Shawnee Mission Parkway, Kansas City, MO 64112
Main Phone Number 913-624-3000
Fax Number 913-624-5386
Investor Contact   Mark Bonavia 913-624-3552
Toll Free Phone Number 800-259-3755
CEO - William Esrey CFO - Robert J. Dellinger

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