Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 4, 2012, Sprint Nextel Corporation (the "Company") and Daniel R. Hesse, President and Chief Executive Officer of the Company, entered into a Letter Agreement, a copy of which is filed as Exhibit 10.1 to this Form 8-K and is incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

The following exhibits are filed with this report:

Exhibit No. Description
10.1 Letter Agreement, dated May 4, 2012, between Sprint Nextel Corporation and Daniel R. Hesse

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