Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 96 13.In order to be eligible for the right to upgrade, the subscriber must have purchased the unlimited data and annual upgrade option for the 12 consecutive months preceding the upgrade.Sprint announced on Monday the markets it will be launching its new marquee Android phone, the HTC Evo 4G LTE.The obligation is reduced as actual invoices are presented and paid to the lessors.Wells Fargo reiterates Sprint at Outperform on spectrum strength.In addition, we had approximately 564,000 net additions of tablet devices and approximately 190,000 net additions of connected devices in 2013, which were all offset by net losses of approximately 1,584,000 on the Sprint platform.Future events, including additional purchases of our securities and refinancing of those securities, could cause actual payments to differ significantly from these amounts.This analysis includes assessing obsolescence, sales forecasts, product life cycle, marketplace and other considerations.The following is a summary of the regulatory environment in which we operate and does not describe all present and proposed federal, state and local legislation and regulations affecting the communications industry.
The Audit Committee determined that the non-audit services rendered by KPMG in 2013 and 2012 were compatible with maintaining its independence as auditors of our consolidated financial statements.All intercompany transactions are eliminated in consolidation.The amount of such compensation is not limited by the Internal Revenue Code annual compensation limits.Virgin Mobile is also designated as a Lifeline-only Eligible Telecommunications Carrier in certain states and provides service for the Lifeline program under our Assurance Wireless brand.Employment Agreement, executed December 20, 2010, effective April 4, 2011, by and between Joseph J.Some of these relationships include agreements pursuant to which we sell wireless broadband services to certain of these related parties on a wholesale basis, which such related parties then resell to each of their respective end user subscribers.
These amounts include the effect of the SoftBank Merger on July 10, 2013, which was a change in control of Sprint.Varying practices among the states may make it more difficult for us to implement national sales and marketing programs.We believe our existing available liquidity and cash flows from operations will be sufficient to meet our funding requirements through the next twelve months, including debt service requirements and other significant future contractual obligations.In some cases, we acquire licenses directly from the governmental authority.Form of Evidence of Award Agreement (awarding performance-based restricted stock units) under the 2007 Omnibus Incentive Plan to Joseph J.Despite the overall reduction in postpaid subscribers, primarily as a result of our action to shut-down the Nextel platform, we experienced growth in net operating revenue during the twelve month periods ended 2013 and 2012 as compared to 2011, primarily as a result of the continued adoption of smartphones and the premium data add-on charge.As a result of these transactions, the assets and liabilities of Sprint Communications and Clearwire were preliminarily adjusted to estimated fair value on the respective closing dates.Under the Sprint Credit Agreement, we are not permitted to incur indebtedness unless agreed to by Sprint through written consent.Assigning fair market values to the assets acquired and liabilities assumed at the date of an acquisition or merger requires the use of significant judgments regarding estimates and assumptions.
We do not expect to record significant tax benefits on future net operating losses until circumstances justify the recognition of such benefits.As a result of the shut-down of the Nextel platform, our efforts prospectively have been to focus on profitable growth through service provided on an enhanced wireless network on the Sprint platform.Level 2 securities include U.S. Government Agency Discount Notes and U.S. Government Agency Notes.Unresolved Staff Comments None. Item 2. Properties Our corporate headquarters are located in Overland Park, Kansas and consist of about 3,853,000 square feet.Our information technology and other systems that maintain and transmit this information, or those of service providers, may also be compromised by a malicious third-party penetration of our network security or that of a third-party service provider, or impacted 19 Table of Contents by intentional or inadvertent actions or inactions by our employees or those of a third-party service provider.The cost of funds under this facility includes a fixed interest rate of 2.03%, and export credit agency premiums and other fees that, in total, equate to an expected effective interest rate of approximately 6% based on assumptions such as timing and amounts of drawdowns.Sign up to be notified when Sprint 4G comes to your area. 1 Peak speeds may not apply to all markets.
Signed leases which have unmet conditions required to become effective are not amortized until such conditions are met and are included in spectrum licenses in the accompanying consolidated balance sheets, if such leases require upfront payments.The rate for toll VoIP-PSTN traffic is the interstate access rate applicable to non-VoIP traffic regardless of whether the traffic is interstate or intrastate.Sprint today turned on 4G LTE service in 34 more markets, featuring an enhanced customer experience that provides faster data speeds in more places wh.In addition, we face increasing competition from other wireless and IP-based service providers.The estimated fair value of FCC licenses were determined by the use of the Greenfield direct value method, which estimates fair value through estimating discounted future cash flows of a hypothetical start-up business.Because it is not possible to predict the timing or amounts that may be due under these conditional arrangements, no such amounts have been included in the table above.
Sprint Supplemental Executive Retirement Plan, as amended and restated effective November 6, 2009.Interest Rate Risk The communications industry is a capital-intensive, technology-driven business.Long-Term Debt and Scheduled Maturities The following debt issuances and retirements occurred during 2013.Assumed contracts may have favorable or unfavorable terms that must be valued as of the acquisition or merger date.
T-Mobile, Sprint shares rally after report Softbank plans merger talks between the companies.Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free from material misstatement.Sprint Announces First Major Markets to Receive 4G LTE in 2012 Customers in Dallas, Atlanta, Houston and San Antonio are expected to enjoy ultra-fast.We estimated the acquisition-date fair value of FCC licenses using the Greenfield direct value method, which approximates fair value through estimating the discounted future cash flows of a hypothetical start-up business.We believe this plan helps attract and retain executives by providing the participant another tax efficient retirement plan.He has extensive experience in developing and implementing strategies and policies for the acquisition and development of employee talent. Mr. Claure was selected because of his experience making Brightstar one of the largest global distribution, services, and innovation companies in the telecommunications industry.As a result, these efforts could have a negative impact on churn which would have a negative effect on EBITDA.A default under any of our borrowings could trigger defaults under certain of our our other debt obligations, which in turn could result in the maturities being accelerated.Regulation and Wireline Operations Competitive Local Service The Telecommunications Act of 1996 (Telecom Act), which was the first comprehensive update of the Communications Act, was designed to promote competition, and it eliminated legal and regulatory barriers for entry into local and long distance communications markets.
Depending upon state law, CMRS providers can be subject to state regulation of other terms and conditions of service.Our policy is to recognize any interest related to unrecognized tax benefits in interest expense or interest income.There is no net effect for such subscriber changes to the total wireless net additions (losses) or end of period subscribers. (2) We acquired approximately 352,000 postpaid subscribers and 59,000 prepaid subscribers through the acquisition of assets from U.S. Cellular when the transaction closed on May 17, 2013.Settlement agreements were reached with the Appeals or Exam division of the Internal Revenue Service (IRS) for examination issues in dispute for years prior to 2010.
First Amendment to Amended and Restated Employment Agreement, effective November 6, 2012, by and between Sprint Nextel Corporation and Charles R.The state operating loss carryforwards expire in varying amounts through 2034.Business Strategies and Key Priorities Sprint is a communications company offering a comprehensive range of wireless and wireline communications products and services that are designed to meet the needs of individual consumers, businesses, government subscribers, and resellers.These leases, with few exceptions, provide for automatic renewal options and escalations that are either fixed or based on the consumer price index.New regulations in 2012, which impact all Lifeline carriers, impose stricter rules on the subscriber eligibility requirements and recertification.Summary of 2012 Short-Term Incentive Plan and 2012 Long-Term Incentive Plan.Approximately 43% of our wholesale and affiliate subscribers represent connected devices.As a result of the completion of the SoftBank Merger and subsequent open market stock purchases, SoftBank owns approximately 80% of the outstanding voting common stock of Sprint Corporation.These devices generate revenue from usage which varies depending on the solution being utilized.
Deferred tax assets are also recorded for net operating loss, capital loss, and tax credit carryforwards.The decrease was primarily due to comparing a shortened Post-merger period to a Predecessor period representing a full calendar year.Design features were assessed to determine whether there is a likelihood that incentive plans could encourage excessive risk-taking resulting in a material adverse effect on the Company and to ensure that appropriate governance is in place to mitigate risk under unforeseen circumstances.More stringent eligibility and certification requirements have made it more difficult for Lifeline service providers to sign up and retain Lifeline subscribers.