Sprint Corp was incorporated in 2012 under the laws of Delaware. It is a communications company offering wireless and wireline communications products and services to individual consumers, businesses, government subscribers and resellers. The Company offers wireless and wireline voice and data transmission services to subscribers in all 50 states, Puerto Rico, and the U.S. Virgin Islands under the Sprint corporate brand, which includes its retail brands of Sprint, Boost Mobile, Virgin Mobile, and Assurance Wireless on networks that utilize third generation (3G) code division multiple access (CDMA) or Internet protocol (IP) technologies. It also offers fourth generation (4G) services utilizing Long Term Evolution (LTE) as well as Worldwide Interoperability for Microwave Access (WiMAX) technologies. It utilizes these networks to offer wireless and wireline subscribers differentiated products and services whether through the use of a single network or a combination of these networks. It operates in two segments, namely Wireless and Wireline. Through its Wireless segment, it offers wireless services on a postpaid and prepaid payment basis to retail subscribers and also on a wholesale and affiliate basis, which includes the sale of wireless services that utilize the Sprint network but are sold under the wholesaler's brand. It supports the open development of applications, content, and devices on the Sprint platform through products and services such as Sprint ID, which provides an easy way for users to discover content from brands and special interests as well as manage those experiences on certain Android devices, and Sprint Zone, which allows subscribers to not only manage their account and self-service functions via their device but facilitates discovery of new content and personalization through recommendations for applications and entertainment content. Through its Wireline segment, it provides wireline voice and data communications services to other communications companies and targeted business and consumer subscribers. In addition, it provides voice, data and IP communication services to its Wireless segment, and IP and other services to cable Multiple System Operators (MSOs). Cable MSOs resell its local and long distance services and use its back office systems and network assets in support of their telephone service provided over cable facilities primarily to residential end-use subscribers. The Company's competitors include AT&T, Verizon Wireless (Verizon) and T-Mobile, Verizon Communications, CenturyLink, Level 3 Communications, Inc. Communications services are subject to regulation at the federal level by the Federal Communications Commission (FCC) and in certain states by public utilities commissions (PUCs).