Sprint Nextel officially spins off local division

Sprint Nextel officially spun off its local division Thursday.

From the time Sprint announced its merger plans with Nextel at the end of 2004 the carrier made it clear it would separate its local division.

The local division is now known as Embarq Corp. and is an independently traded company. Sprint renamed the group in February.

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Sprint Nextel officially spun off its local division Thursday.

From the time Sprint announced its merger plans with Nextel at the end of 2004 the carrier made it clear it would separate its local division.

The local division is now known as Embarq Corp. and is an independently traded company. Sprint renamed the group in February.

“Our company is now positioned to focus on our vision of converging our unique wireless and Internet wireline assets to create an entirely new suite of mobility and IP-based products and services for our customers,” said Sprint Nextel CEO Gary Forsee, in a statement.

Nearly a year ago Daniel Hesse was named CEO of Embarq.

At the end of 2005 Embarq reported $6.3 billion in revenues.

The company also named its board of directors, which come from executives from AMC Entertainment, DHL Express, and Tyco.