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Sprint earnings call: Masa Son committed to turnaround

Aug. 04, 2015 11:23 AM ETSoftBank Group Corp. (SFTBY) StockSFTBY, SBy: Jason Aycock, SA News Editor27 Comments
  • On Sprint's (S +6%) earnings call this morning, SoftBank (OTCPK:SFTBY) chief Masayoshi Son joined in to reiterate his commitment to the struggling carrier.
  • "I'm extremely excited about the turnaround of Sprint," he said. "I don't want to sell the company. I think Sprint is going to be a very good company, of which I will be very proud."
  • As anticipated, Sprint fell behind T-Mobile in total users and dropped into fourth place among U.S. networks, but boosted its outlook for 2015 and detailed how it would pursue "densification" of its network with the help of both macro and small cells.
  • "Japan has the best network in the world,” Son said. “To me, every time I come (to the U.S.) ... I say this network is not something you should be proud of. It’s actually really bad. It's not just Sprint; all networks are pretty bad. You have invented Internet; you have invented telephones ... but the network is not something that you should be proud of." He's working "with my engineers, every night" on Sprint's network design.
  • That affects any plan like creating a competitive alternative to a video service like Verizon's upcoming Go90 service. "How would a customer benefit from a video bundle?" Son asked. "The network's congested, very badly; before you talk about video bundle, all of the four carriers have to cure the issue of congestion."
  • "What Verizon is trying to do is what mobile providers have tried ... the track record of success of carriers around the world trying to bring these solutions has not been stellar," said CEO Marcelo Claure, noting any action Sprint takes there is likely to be through partnerships rather than buying assets.
  • Claure noted the record low churn was broad-based: "What's nice is every single churn measure we do, we're coming down. The network experience is better, customer experience is better."
  • Previously: Sprint up 11.9% premarket as it beats on EPS, boosts full-year guidance (Aug. 04 2015)
  • Previously: Sprint reports FQ1 results (Aug. 04 2015)
  • Previously: Sprint earnings: Management shakeup draws focus (Aug. 03 2015)

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