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SPRINT PRESS INC. history
SPRINT PRESS INC. company history timeline
1899: Brown Telephone is founded in Kansas.
In 1899 Jacob Brown and his son, Cleyson, who ran an electric utility, were given permission by the city of Abilene, Kansas, to start one of the first non-Bell telephone companies in the western United States.
In 1905 Cleyson Brown started the Union Electric Company in order to sell telephone supplies.
Home Telephone and Telegraph, a long-distance service, was formed in 1910.
Cleyson decided to merge with other Kansas independent phone companies to form United Telephone Company in 1911.
Cleyson sold the electric utility in 1925 and incorporated United Telephone and Electric.
In 1952 acquisitions resumed with the purchase of Investors Telephone.
Carl Scupin took over the management of United Telephone and Electric in 1959.
In 1967, in order to institute batch processing and time sharing, Henson acquired Automated Data Service.
United Business Communications also was purchased in 1970 to market telephone and data hardware.
In 1971 Henson decided to change the company name to United Telecommunications.
GTE completed its acquisition of SPCC later in 1983, rechristening the operation GTE Sprint Communications.
With the break-up of AT&T in 1984, United Telecom began development of its own long-distance company, called US Telecom.
But Esrey, who was named president and CEO of United Telecom in 1985, believed his goal could be attained--before competitors gained a lock on the market--by taking on a partner.
In October 1986, the new company introduced an imaginative advertising campaign, featuring a tiny pin that was dropped on a table in front of a telephone receiver.
1986: GTE Sprint and US Telecom merge.
By May 1988, US Sprint completed the last cut-over of traffic from the old US Telecom and GTE Sprint networks to the fiber optic system.
United Telecom purchased a 30.1 percent interest in US Sprint from GTE in July 1989, leaving Johnson's company with a 19.9 percent stake until such time that United Telecom could generate the funds to complete the buyout.
By 1991, US Sprint had garnered a seemingly small nine percent of the nation's long-distance business, placing it behind MCI, with 14 percent, and AT&T, with 64 percent.
United Telecom completed its acquisition of US Sprint from GTE in 1992.
By 1993 the company served over 6 million customers.
In 1994 sales of long-distance and local services accounted for 86 percent of Sprint's business.
Bill Esrey led an effort to drop "US" from the Sprint name in order to better reflect the globalization of the company. It was the third-largest long-distance provider in the United States, but it remained far behind the top two, AT&T and MCI. Revenue was just under $13 billion by 1994, compared to $75 billion for AT&T.
smith, laura b. "continental sprint." pc week, 31 july 1995.
In 1995 the "dime a minute" campaign was started.
davey, tom. "frame relay pricing falls: demand up, competitors try to lure in customers." pc week, 4 november 1996.
In 1996 Germany's Deutsche Telekom and France Telecom each purchased a 10-percent share in Sprint.
In 1996, long-distance companies began to believe that flat rates weren't popular anymore and that integration of services would be the demand in the future.
By 1997, Sprint's customer base had grown to seven million local service customers, giving it about 10 percent of the nation's long-distance market.
The company reported that in 1997 volunteers in these groups completed more than 4,000 community projects nationwide, logging more than 100,000 hours of community service.
Sprint started selling ION to residential consumers in 1999, beginning in its home city of Kansas City and in other southwestern locales.
Sprint vowed to put all its phone lines on the packet system eventually, which would both save the company money and allow it to offer more services to its customers. It shut down its ION project, which had debuted in some cities in 1999, citing technological and economic difficulties with the deployment.
Sprint's stockholders approved the merger in April 2000.
However, by late 2001 it was clear that the telecommunications market was down.
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"Sprint Corp. ." Company Profiles for Students. . Retrieved June 21, 2022 from Encyclopedia.com: https://www.encyclopedia.com/economics/economics-magazines/sprint-corp
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