- Speaking at Code Conference, Sprint (NYSE:S) CEO Marcelo Claure had a bold prediction: The carrier will have the best or second-best network in the U.S. in quality terms within the next two years.
- It's an extension of Sprint's recent investments, he said, into a network that has generally lagged in comparisons with its "Big Four" U.S. competitors, particularly on speed.
- Asset investments like network improvement come with heavy cash spending, though, and Sprint will burn billions of dollars in free cash flow this year. Citigroup's Michael Rollins thinks Sprint will run out of money by the 2016 broadcast incentive spectrum auction
- Claure's comments come, however, after recent Tokyo meetings with his bosses at Softbank (OTCPK:SFTBY), suggesting that they'll be behind a quality push.
- Previously: Sprint: Amid network investment, cash burn back in focus (May. 06 2015)
- Previously: Verizon, AT&T top mobile networks, but Sprint and T-Mobile compete in city (Feb. 10 2015)