<PAGE>
===============================================================================
/------------------------------/
/ OMB APPROVAL /
/------------------------------/
\ / OMB Number: 3235-0104 /
EDIT OR DELETE AS NECESSARY---------------- / Expires: September 30, 1998 /
/ / Estimated average burden /
/ hours per response...... 0.5 /
/------------------------------/
+--------+
| FORM 3 | U.S. SECURITIES AND EXCHANGE COMMISSION
+--------+ WASHINGTON, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
(Print or Type Responses)
- --------------------------------------------------------------------------------
1. Name and Address of Reporting Person*
Tele-Communications, Inc.
----------------------------------------------------------------------------
(Last) (First) (Middle)
5619 DTC Parkway
----------------------------------------------------------------------------
(Street)
Englewood Colorado 80111
----------------------------------------------------------------------------
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year) 11/23/98*
--------------
3. IRS Identification Number of Reporting Person if an Entity
(Voluntary)
--------------
4. Issuer Name and Ticker or Trading Symbol Sprint Corporation; PCS**
-----------------------------------
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
[ ] Director [ ] Officer [X] 10% Owner [ ] Other
(give title below) (specify below)
----------------------------------------------------------------------------
6. If Amendment, Date of Original (Month/Day/Year)
----------------------------
7. Individual or Joint Group Filing (Check Applicable Line)
X
____ Form Filed by One Reporting Person
____ Form filed by More than One Reporting Person
TABLE I--NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
- --------------------------------------------------------------------------------
1. Title 2. Amount of 3. Ownership Form: 4. Nature of
of Securities Bene- Direct (D) or Indirect Bene-
Security ficially Owned Indirect (I) ficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr. 5)
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
* The Reporting Person acquired beneficial ownership of the derivative
securities reported on this initial statement in a series of simultaneous
transactions on such date.
** Of the securities described herein, only the Series 1 PCS Stock (as defined
herein) will be publicly traded. The Series 1 PCS Stock is traded on the New
York Stock Exchange under the symbol "PCS".
<PAGE>
FORM 3 (continued)
TABLE II--DERIVATIVE SECURITIES BENEFICIALLY OWNED
(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
1. Title of Derivative 2. Date Exer- 3. Title and Amount of Securities 4. Conversion 5. Ownership 6. Nature of In-
Security (Instr. 4) cisable and Underlying Derivative Security or Form of direct Bene-
Expiration (Instr. 4) Exercise Derivative ficial
Date Price Security: Ownership
(Month/Day/ of Direct (D) (Instr. 5)
Year) Derivative or In-
---------------------------------------------------- Security direct (I)
Date Expira- Amount or (Instr. 5)
Exer- tion Title Number of
cisable Date Shares
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
Sprint Corporation PCS See Note See Note Series 1 PCS 98,563,924 See Note 1 Indirect Through two
Common Stock--Series 2, 1 below 1 below Stock shares below indirect
par value $1.00 per share wholly owned
(the "Series 2 PCS Stock") subsidiaries
- ------------------------------------------------------------------------------------------------------------------------------------
Sprint Corporation 11/23/98 See Note Series 2 PCS See Note 3 See Note 3 Indirect Through an
Preferred Stock--Seventh 2 below Stock; see below below indirect
Series, Convertible, $1,000 Note 1 below wholly owned
liquidation preference ("Series subsidiary
7 Preferred Stock")
- ------------------------------------------------------------------------------------------------------------------------------------
Warrants to Purchase 11/23/98 11/23/03 Series 2 PCS 6,291,314 See Note 4 Indirect Through two
Shares of Series 2 PCS Stock; see shares below indirect
Stock (the "Warrants") Note 1 below wholly owned
subsidiaries
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Explanation of Responses:
(1) Each share of Series 2 PCS Stock automatically converts into one share of
Sprint Corporation PCS Common Stock-Series 1, par value $1.00 per share
(the "Series 1 PCS Stock"), under certain circumstances. Because the
Reporting Person does not have the right to acquire any shares of Series 1
PCS Stock underlying the Series 2 PCS Stock, the Series 7 Preferred Stock
or the Warrants, within sixty days of the date of the event requiring this
statement, the Reporting Person disclaims beneficial ownership of all
shares of Series 1 PCS Stock underlying the Series 2 PCS Stock, the Series
7 Preferred Stock and the Warrants, beneficially owned by the Reporting
Person.
(2) Sprint may redeem any outstanding shares of Series 7 Preferred Stock after
November 23, 2001, and must redeem all outstanding shares of Series 7
Preferred Stock on November 24, 2008.
(3) The Reporting Person beneficially owns 123,314 shares of Series 7 Preferred
Stock. Such shares may be converted into an aggregate number of shares of
Series 2 PCS Stock equal to the aggregate liquidation preference of the
shares of Series 7 Preferred Stock divided by the product of (i) 1.28 and
(ii) the average of the daily closing prices of the Series 1 PCS Stock for
the 30 consecutive trading days ending on the 45th trading day following
the commencement of regular way trading of such stock, subject to certain
adjustments. Regular way trading in the Series 1 PCS Stock commenced on
November 24, 1998, following the completion of Sprint's recapitalization on
November 23, 1998.
(4) The exercise price per share is equal to the average of the daily closing
prices of the Series 1 PCS Stock for the 30 consecutive trading days ending
on the 45th trading day following the commencement of regular way trading
of such stock, subject to certain adjustments.
<TABLE>
<CAPTION>
TELE-COMMUNICATIONS, INC.
<S> <C> <C>
** Intentional misstatements or omissions of facts By: /s/ Stephen M. Brett December 10, 1998
constitute Federal Criminal Violations. --------------------------------------- -----------------------------
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Name: Stephen M. Brett Date
Title: Executive Vice President
</TABLE>
Note: File three copies of this Form, one of which must be manually signed. If
space provided is insufficient, see Instruction 6 for procedure.