[April 26, 2012]

Glancy Binkow & Goldberg LLP Announces Investigation of Sprint Nextel Corporation

Glancy Binkow & Goldberg LLP announces that it is investigating potential claims on behalf of the shareholders of Sprint Nextel (News - Alert) Corporation ("Sprint" or the "Company") (NYSE:S) concerning possible breaches of fiduciary duties by the Company or its fiduciaries. Sprint is a communications company offering a range of wireless and wireless communications products and services to individual consumers, businesses, government subscribers and resellers. The investigation focuses on allegations that Sprint deliberately under-collected and underpaid millions of dollars in New York state and local sales taxes on flat-rate access charges for wireless calling plans.

On April 19, 2012, the Attorney General for the State of New York filed a lawsuit in the state's Supreme Court alleging thatsince 2005 Sprint failed to pay more than $100 million in New York sales taxes, in connection with a nationwide scheme to gain an advantage over the Company's competitor wireless carriers -- not by cutting its prices or offering better service -- but by failing to collect and pay sales taxes. Among other things, the lawsuit alleges that Sprint repeatedly and knowingly submitted false records and statements to New York State tax authorities, and concealed this practice from taxing authorities, its competitors and its customers.

If you purchased Sprint securities, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, by telephone at (310) 201-9150, Toll Free at (888) 773-9224, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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