Sprint Nextel Announces Consolidation of Corporate Headquarters at Overland Park, Kan

Business Wire, Feb 13, 2008

OVERLAND PARK, Kan. -- Sprint Nextel (NYSE:S) today announced the company will bring together its operational headquarters and corporate headquarters, previously at Overland Park, Kan., and Reston, Va. respectively, to one location, the Sprint Nextel campus in Overland Park. Reston had served as the company's corporate headquarters since the merger of Sprint and Nextel in 2005.

The consolidation of the dual headquarters, which was approved by the Board of Directors, will require the relocation of only a small number of executives. The move will improve operational performance by immersing senior leaders in the company's operations. This consolidation of the headquarters locations will also reduce travel expenses and optimize real estate assets, the company said.

"This change involves only a small number of our senior leaders, and we will retain a very significant employee presence in Reston," said Dan Hesse, Sprint Nextel CEO. "After a thorough review, we determined that this change is necessary now so that our leadership team can concentrate on improving our company's operations and create a single, performance-based culture."

The company currently employs about 4,400 associates in the Washington, D.C. metropolitan area, and about 13,300 associates in the Kansas City metropolitan area.

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 is widely recognized for developing, engineering and deploying innovative technologies, including two robust wireless networks serving approximately 54 million customers at the end of 2007; industry-leading mobile data services; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. For more information, visit www.sprint.com.