Brower Piven Encourages Investors Who Have Losses in Excess of $200,000 From Investment in Sprint Nextel Corporation to Inquire About the Lead Plaintiff Position in Securities Fraud Class Action Lawsuit Before the May 11, 2009 Lead Plaintiff Deadline

BALTIMORE, MD--(Marketwire - March 13, 2009) - Brower Piven, A Professional Corporation announces that a class action lawsuit has been commenced in the United States District Court for the District of Kansas on behalf of purchasers of the common stock of Sprint Nextel Corporation ("Sprint" or the "Company") (NYSE: S) during the period between October 26, 2006 and February 27, 2008, inclusive (the "Class Period").

No class has yet been certified in the above action. Members of the Class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff no later than May 11, 2009 and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement and how much of a settlement to accept for the Class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the Company during the Class Period. You may contact Brower Piven (through hoffman@browerpiven.com or 410/986-0036) to answer any questions you may have in that regard.

The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the Company's failure to disclose during the Class Period its failure to take the proper steps to address customer service issues which would have a negative effect on the Company's operations in the future and its failure to adequately reserve for its impaired goodwill associated with Nextel or its allowance for bad debts related to subprime subscribers in violation of GAAP, causing its financial results to be materially misstated. According to the complaint, beginning in the early fall of 2007, Sprint began to acknowledge that the Company was experiencing a serious deterioration in its subscriber base, due both to a slow down in new growth and a massive defection of its current subscribers to its competitors, and on February 28, 2008, after the Company reported disappointing fourth quarter and full year 2007 financial results, including a net loss for the quarter of $29.5 billion, the value of Sprint's stock declined significantly.

If you have suffered a net loss for all transactions in Sprint Nextel Corporation common stock during the Class Period, you may obtain additional information about this lawsuit and your ability to become a lead plaintiff by contacting Brower Piven at www.browerpiven.com, by email at hoffman@browerpiven.com, by calling 410-986-0036, or at Brower Piven, A Professional Corporation, The World Trade Center-Baltimore, 401 East Pratt Street, Suite 2525, Baltimore, Maryland 21202. Attorneys at Brower Piven have combined experience litigating securities and class action cases of over 40 years. If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice. You need take no action at this time to be a member of the class.