Sprint Nextel Corporation (NYSE:S) also added the iPhone to its collection of phones at the end of 2011, making the company better able to compete with AT&T and Verizon. Sprint reported selling 6.6 million iPhones in 2012, 40% of which were to new customers. The biggest piece of news for Sprint right now is that it has agreed to be purchased by Japanese telecommunication giant SoftBank. To find out what this transaction will do to the share price, you can read this Forbes article, but for the purposes of this article, all you need to know is that this deal would give Sprint an extra $8 billion in capital to help with Network Vision. Sprint's CEO expects the company to begin being profitable in fiscal year 2014.