Reston, VA — 02/28/2006
Sprint Nextel Corp. (NYSE: S) announced today that based on consents received by 5:00 p.m., EST, Feb. 27, 2006, from holders of US Unwired’s Series B First Priority Senior Secured Floating Rate Notes due 2010 and 10% Series B Second Priority Senior Secured Notes due 2012, it has received sufficient consents to amend the indentures governing such notes as more fully described in the registration statement on Form S-3 filed with the Securities and Exchange Commission by Sprint Nextel Corporation on Feb. 13, 2006. US Unwired intends to enter into supplemental indentures implementing the amendments to the indentures which will be operative and binding on all holders, including the holders of notes that did not participate in the consent solicitation. The consent solicitation expired at 5 p.m. on Feb. 27, 2006.
Bear, Stearns & Co. Inc. acted as the solicitation agent for the consent solicitation. The information agent for the consent solicitation was Georgeson Shareholder Communications, Inc. The depositary for the consent solicitation was U.S. Bank National Association.
About Sprint Nextel
Sprint Nextel offers a comprehensive range of communications services bringing mobility to consumer, business and government customers. Sprint Nextel is widely recognized for developing, engineering and deploying innovative technologies, including two robust wireless networks offering industry leading mobile data services; instant national and international walkie-talkie capabilities; and an award-winning and global Tier 1 Internet backbone. For more information, visit www.sprint.com.