The company's good liquidity, Its diversified revenue mix, Its nationwide wireless network based on one technology, and The relatively stable cash flows of its local telephone business. The negative impact of competitive pressures and technology substitution on the company's long-distance segment, A wireless subscriber base with about one-third sub-prime customers, and Slowing growth rates in the wireless segment. Sprint Corp. is a global communications company providing local, long distance, and wireless services. The company is the third-largest long-distance provider and the fourth-largest nationwide wireless network provider in the U.S. The rating on Sprint reflects its increased business risk profile, especially that of the wireless sector, due to: Increased competition from other nationwide service providers, The effect on the quality of