OVERLAND PARK, Kan. -- Sprint Capital Corporation announced today that it has completed its tender offers (the "Offers") to purchase for cash any and all of its outstanding 5.700% Notes due 2003 (CUSIP No. 852060AB8) and any and all of its outstanding 5.875% Notes due 2004 (CUSIP No. 852060AE2). Based on information provided by Bank One Trust Company, N.A., the Depositary for the Offers, $441,528,000 aggregate principal amount of the 2003 Notes and $634,866,000 aggregate principal amount of the 2004 Notes were validly tendered prior to the expiration of the Offers at 11:59 p.m., New York City time, on March 20, 2003. The Company expects that payment for the Notes purchased pursuant to the Offers will be made by the Depositary in same-day funds on March 21, 2003, subject to the satisfaction or waiver of the conditions set forth in the Offer to Purchase and Letter of Transmittal. Validly tendered 2003 Notes will be purchased at a purchase price of $1,015.00 per $1,000 principal amount, plus accrued and unpaid interest to but excluding March 21, 2003. Validly tendered 2004 Notes will be purchased at a purchase price of $1,020.00 per $1,000 principal amount, plus accrued and unpaid interest to but excluding March 21, 2003. Sprint Corp.