Sprint is the fourth-largest carrier in the United States, serving 45 million customers directly and 15 million via resellers and affiliates. About 7% of sales come from the long-distance unit, which provides fixed-line phone and data services, including services provided to the wireless business. The firm acquired Clearwire, a troubled firm with a large spectrum portfolio, in 2013. Shortly thereafter, Japanese wireless carrier Softbank took an 81% stake in Sprint through the purchase of existing Sprint shares and a $5 billion equity infusion.
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