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The new initiative is called the 1Million Project and will work through the Sprint Foundation. Sprint is looking to fill the gap between lower-income students and more economically advantaged students as high speed internet and mobile access becomes more essential to a student's performance.
Sprint will work with nonprofits to identify students with insufficient access and provide device solutions for up to four years.
"Each student may receive either a free smartphone, tablet, laptop or hotspot device and 3GB of high-speed LTE data per month," according to a Sprint news release. Overages will hit unlimited data at 2G speeds if 3GB are used within the month's time. The move is said to get the younger generation familiar with Sprint and build some goodwill to build loyalty toward the brand. Sprint CEO Marcelo Claure summarized, "Through our participation in ConnectED, we heard loud and clear that students need devices and internet access to complete their homework. Sprint's 1Million Project is an end-to-end solution that enables 1 million low-income youth to keep learning after they leave the classroom." Sprint shares climbed 0.75 percent Tuesday and were seen trading up 1.77 percent at $6.90 in Wednesday's pre-market.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.