Examples of Sprint FON Group in a sentence
A statement setting forth the election to effectuate any such deemed conversion, exchange or exercise of Convertible Securities so deemed to be held by the Sprint FON Group and the properties or assets, if any, to be attributed to the PCS Group in consideration of such conversion, exchange or exercise (if any) shall be filed in the records of the actions of the Board of Directors and, upon such filing, such deemed conversion, exchange or exercise shall be effectuated.
As of November 23, 1998, the outstanding shares of Preferred Stock- First Series, Preferred Stock-Second Series, and Preferred Stock- Fifth Series shall be attributed entirely to the Sprint FON Group.
As of November 23, 1998, the outstanding shares of Preferred Stock- First Series and Preferred Stock-Second Series shall be attributed entirely to the Sprint FON Group.
Transfers of assets from the FON Group to the PCS Group that are designated by the Sprint Board, consistent with other provisions of this policy, to be treated as an equity contribution by the FON Group to the PCS Group shall result in an increase in the Intergroup Interest of the Sprint FON Group in the Sprint PCS Group in accordance with paragraph (C) of the definition of "Number Of Shares Issuable With Respect To The FON Group Intergroup Interest" in ARTICLE SIXTH, Section 10.
Sprint FON Group is comprised of Sprint’s wireline telecommunications operations, including long distance, local phone, product distribution and directory publishing.
Executive shall have Good Reason to terminate his employment under this clause (d) if the Company is acquired by, or merged with, a Sprint PCS affiliate (excluding Sprint FON Group in such affiliated group) and Executive is not appointed the chief executive officer of the acquired or merged entity at the time of such acquisition or merger.
Any payment made by Sprint or any of its Subsidiaries under this Article 11 shall be charged to the Sprint FON Group.
Sprint FON Group 2000 1999 1998(millions)Net operatingrevenuesOperating$17,688$17,160$15,958expenses15,25514,23013,198Operating income$ 2,433$ 2,930$ 2,760Operating margin13.8%17.1%17.3%Capital expenditures $ 4,105 $ 3,534 $ 3,159 Operating expenses in 2000 include charges of $238 million, primarily related to a write-down of goodwill within the global markets division, and a $163 million charge for costs associated with the terminated WorldCom merger.
Effective at the Effective Time, the Sprint Board of Directors will create an intergroup interest of the Sprint FON Group in the PCS Group that will have terms equivalent to the Warrants and will represent a 2.83019% Initial PCS Group Percentage Interest.
If any claim for Loss by a Cable Parent or any of its Subsidiaries against Sprint under this Article 11 derived in whole or in part from any Loss sustained by the PCS Group the derivative portion of such claim will be satisfied to the extent that Sprint allocates from the Sprint FON Group to the PCS Group an amount of cash equal to the Loss suffered by the PCS Group.