SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange of 1934
Date of Report (Date of earliest event reported) May 26, 1998
SPRINT SPECTRUM L.P.
SPRINT SPECTRUM FINANCE CORPORATION
(Exact name of Registrant as specified in its charter)
Delaware 333-06609-01 48-1165245
Delaware 333-06609-02 43-1746537
(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
4900 Main Street, Kansas City, Missouri 64112
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (816) 559-1000
(Former name or former address, if changed since last report)
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Item 5. Other Events.
Agreement Regarding Restructuring of Partnership Interests in Sprint Spectrum
Holding Company, L.P.
On May 26, 1998, Sprint Corporation ("Sprint") announced that it had entered
into an agreement with Tele-Communications, Inc. ("TCI"), Comcast Corporation
("Comcast") and Cox Communications, Inc. ("Cox", and together with TCI and
Comcast, the "Cable Parents") to assume ownership and management control of
Sprint Spectrum Holding Company, L.P., MinorCo, L.P. (together, "Holdings") and
PhillieCo Partners I, L.P. and PhillieCo Partners II, L.P. (together,
"PhillieCo"). Sprint Spectrum L.P. is a wholly-owned subsidiary partnership of
Holdings, and Sprint Spectrum Finance Corporation is a wholly-owned subsidiary
of Sprint Spectrum L.P. The agreement provides that Sprint will assume full
ownership and management control of Holdings and PhillieCo and their respective
subsidiaries, including the Registrants, in a series of steps over the next
several months.
Sprint intends to combine the operations of Sprint Spectrum L.P., PhillieCo,
L.P., American PCS Communications, LLC, SprintCom, Inc. and Holdings' interest
in Cox Communications PCS, L.P. to form the PCS Group, which will operate under
the name Sprint PCS (SM).
Initially, the Cable Parents will receive a 47 percent economic interest in the
PCS Group in exchange for their interests in Holdings and PhillieCo. The Cable
Parents will receive low vote shares of Series 2 PCS Stock, which is a series of
common stock to be issued by Sprint that tracks the performance of the PCS
Group. The Cable Parents will not have special governance rights regarding the
operations of the Registrants, and the PCS Group will be governed by the Sprint
Board of Directors.
Additional information concerning the restructuring is contained in a Form 8-K
filed by Sprint on June 2, 1998.
Item 7. Financial Statements and Exhibits
None.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrants have duly caused this report to be signed on their behalf by the
undersigned, hereunto duly authorized.
Date: June 4, 1998
SPRINT SPECTRUM L.P.
By: /s/ Joseph M. Gensheimer
Joseph M. Gensheimer, General Counsel
and Secretary
SPRINT SPECTRUM FINANCE CORPORATION
By: /s/ Joseph M. Gensheimer
Joseph M. Gensheimer, General Counsel
and Secretary
