Sprint - Nextel 2013 Annual Report Download - page 63

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Disclosure of Iranian Activities under Section 13(r) of the Securities Exchange Act of 1934
Section 219 of the Iran Threat Reduction and Syria Human Rights Act of 2012 added Section 13(r) to the Securities Exchange Act of 1934. Section 13
(r) requires an issuer to disclose in its annual or quarterly reports, as applicable, whether it or any of its affiliates knowingly engaged in certain activities,
including, among other matters, transactions or dealings relating to the government of Iran. Disclosure is required even where the activities, transactions or
dealings are conducted outside the U.S. by non
- U.S. affiliates in compliance with applicable law, and whether or not the activities are sanctionable under U.S.
law.
After the SoftBank Merger, SoftBank acquired control of Sprint. During the year ended
December 31, 2013 , SoftBank, through one of its non - U.S.
subsidiaries, provided telecommunications services in Iran to Telecommunications Services Company (MTN Irancell) and Mobile Telecommunication Company
of Iran, one or both of which are or may be government
- controlled entities. During the year ended December 31, 2013 , SoftBank estimates that gross revenues
were approximately $13,000 and no net profit was generated. This subsidiary also provided telecommunications services to a single account at the Embassy of
Iran in Japan. During the year ended
December 31, 2013 , SoftBank estimates that gross revenues and net profit generated by such services were estimated to be
under $4,000 and $2,000 respectively. In addition, SoftBank, through another one of its non
- U.S. subsidiaries, provided international direct dialing services
between Iran and Japan pursuant to an interconnection arrangement with Telecommunication of Iran, which is or may be a government
- controlled entity. During
the year ended
December 31, 2013 , SoftBank estimates that gross revenues were under $1,000 and no net profit was generated pursuant to the interconnection
arrangement. Sprint was not involved in, and did not receive any revenue from, any of these activities. The relevant SoftBank subsidiaries have terminated or are
in the process of terminating the arrangements with Telecommunications Services Company (MTN Irancell), Telecommunication of Iran and Mobile
Telecommunication Company of Iran. With respect to the single account at the Embassy of Iran in Japan, the relevant SoftBank subsidiary is obligated under
contract to continue such account.
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