Sprint to provide one million students with free internet, mobile devices
- World stocks hold near 16-month highs after strong week
- Broadcom Ltd. (AVGO) Tops Q4 EPS by 11c
- Oil edges higher on optimism over non-OPEC output cuts
- Restoration Hardware (RH) Tops Q3 EPS by 4c; Guides Well Below the Street
- Sibanye Gold (SBGL) to Acquire Stillwater Mining Company (SWC) in $2.2B Deal
The logo of U.S. mobile network operator Sprint Corp is seen at a Sprint store in San Marcos, California August 3, 2015. REUTERS/Mike Blake
Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a FREE trial here.
By Ayesha Rascoe
WASHINGTON (Reuters) - Wireless carrier Sprint Corp on Tuesday pledged to provide 1 million U.S. high school students with free mobile devices and internet access as part of a White House initiative to expand opportunities for lower income kids.
Marcelo Claure, chief executive of Sprint, said the plan builds on the company's prior commitment through the White House's ConnectED program to get 50,000 students high speed internet.
He said Sprint realized that while providing students with internet at school was helpful, students would still need to be able to use the internet at home.
"We are going to equip 1 million kids with the tools they need to reach their full potential and achieve their dreams," Claure told reporters on a White House call.
President Barack Obama will travel to Greensboro, North Carolina on Tuesday to participate in a town hall on race and sports and to highlight the administration's work to improve the lives of disadvantaged youth through its My Brother's Keeper initiative and other programs.
Sprint aims to give cell phones, tablets, laptops or mobile hot spots to students who do not have internet at home. Students would be able to choose the type of device that might meet their needs and it would be coupled with four years of free data plans.
The company hopes to reach its goal of a million students in five years.
Manufacturers have agreed to provide the mobile devices at no cost, Claure said. He also said the company would encourage customers to donate their old devices to the program and that it would not cost Sprint much to allow the free use of its network.
"I think we are working to address a huge problem that we have in our country which is the digital divide and the homework gap," Claure said. "Most people would assume internet is a given for everyone in the United States and that's the way it should be, but it's not."
He said children in more than 5 million U.S. households today lack internet connection at home.
(Reporting by Ayesha Rascoe; Editing by Alistair Bell)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UPDATE: Linde to Resume Talks with Praxair (PX); Appoints Belloni as CEO
- In graft fight, China makes it harder to move capital, people overseas
- Trump's EPA pick may struggle to dismantle Obama's environmental legacy
Create E-mail Alert Related CategoriesReuters
Related EntitiesBarack Obama
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!