Sprint Corporation (S) - NYSE
  • Aug. 15, 2012, 9:18 AM

    Desperate to hold its own against Verizon and AT&T, Sprint (S) is now offering new customers a $100 AmEx gift card with the purchase of any smartphone. That includes the iPhone 4S, which Sprint has made huge purchase commitments for. Sprint recently cut iPhone 4S prices by $50, a move Apple's retail stores subsequently matched.

    | Aug. 15, 2012, 9:18 AM | 3 Comments
  • Aug. 13, 2012, 10:03 AM

    Sprint (S +2.2%) catches a bid on an upgrade to Buy from BofA/Merrill. The firm likes Sprint's low valuation, expects Street estimates to "rise through 2013," and thinks positive EPS will arrive in 2014. Firstadopter is less than impressed, given Sprint's huge run-up in recent weeks.

    | Aug. 13, 2012, 10:03 AM | 8 Comments
  • Aug. 10, 2012, 4:50 PM

    Former Orange and Telstra CEO Sol Trujillo has reportedly been pitching P-E firms on a buyout of either Sprint (S +2.5%) or T-Mobile USA (DTEGY.PK), but hasn't found any takers. The carriers, both of whom have huge debt loads and have lost share (T-Mobile especially) to AT&T and Verizon, aren't your typical P-E targets, even if their size isn't a concern.

    | Aug. 10, 2012, 4:50 PM | 1 Comment
  • Aug. 10, 2012, 12:28 PM

    Clearwire (CLWR -4.2%) slumps after Macquarie's Kevin Smithen downgrades to Underperform on account of liquidity fears. Though patron Sprint, which needs Clearwire's spectrum, just priced a $1.5B debt offering it will use to help finance the company, Smithen doubts Clearwire can get more funding after its cash runs out in 12 months. "A debt position yielding [15 percent plus] isn't a bullish call on Clearwire equity," he adds. (earlier)

    | Aug. 10, 2012, 12:28 PM | 5 Comments
  • Aug. 10, 2012, 9:16 AM
    UBS estimates Dish Networks (DISH) has invested $396M in Clearwire (CLWR) debt, based on its review of Dish's latest 10-Q. Other have thought Dish might have close to $737M invested, with the expectation the company will tap Clearwire to support its 4G network plans. CLWR -1.2%.
    | Aug. 10, 2012, 9:16 AM
  • Aug. 9, 2012, 2:07 PM

    T-Mobile USA (DTEGY.PK) remains the sick man of the U.S. mobile industry. The iPhone and 4G-lacking carrier lost 205K subs in Q2, and a whopping 557K branded postpaid subs. Total service revenue fell 5.2% Y/Y. Fellow low-end nationwide carrier Sprint (S) added 442K postpaid subs for the Sprint brand in Q2. T-Mobile USA CEO Phillip Humm left for Vodafone in June, shortly after employees were told T-Mobile won't be carrying the next iPhone. (PR - PDF) (previous)

    | Aug. 9, 2012, 2:07 PM
  • Aug. 9, 2012, 10:31 AM

    Sprint (S +4.8%) adds to its recent gains after disclosing strategy chief Keith Cowan will be leaving the company as of Sep. 30; the language suggests Cowan may have been kicked out. Back in March, the WSJ reported Sprint shareholders were concerned Cowan's "tough style" wasn't going over well with potential partners.

    | Aug. 9, 2012, 10:31 AM
  • Aug. 8, 2012, 5:29 PM

    Clearwire (CLWR +18.5%) closed with a huge gain, thanks to remarks in Dish Networks' (DISH) Q2 10-Q about the satellite TV provider owning "debt and equity investments of public companies with a fair value of $737 million .... concentrated in the debt securities of a single issuer." Wells Fargo and others think the issuer is Clearwire, which, like Dish, owns valuable 4G spectrum. If Dish's plans to build a 4G network are more than a bluff, Clearwire could be a useful partner. (Dish Q2)

    | Aug. 8, 2012, 5:29 PM | 2 Comments
  • Aug. 8, 2012, 9:10 AM
    Premarket gainers: WFR +31%. DF +28%. RAX +14%. LAMR +13%. CBB +12%. SODA +8%. CLWR +7%. KTOS +7%. ESRX +6%. HPQ +6%.
    Losers: EZCH -21%. GIVN -16%. PCLN -15%. ATRS -9%. ASTM -9%. WCRX -8%. RL -7%. EXAS -5%. RENN -5%.
    | Aug. 8, 2012, 9:10 AM
  • Aug. 7, 2012, 6:13 PM

    Sprint (S) CEO Dan Hesse says he welcomes mobile consolidation in the U.S. ... as long as it doesn't involve AT&T and Verizon, whom (like co-workers) he accuses of being duopolists. Hesse also claims once more he has no regrets about committing to $15B worth of iPhone purchases, and boasts Sprint has been able to shut down call centers by offering better customer service. Hesse struck a deal to acquire MetroPCS (PCS) in February, but was shot down by his board.

    | Aug. 7, 2012, 6:13 PM | 12 Comments
  • Aug. 6, 2012, 6:00 PM

    With the next iPhone (AAPL) maybe just a few weeks away, Sprint (S) has quietly slashed the price of the 16GB iPhone 4S to $149 from $199. This could be a sign of weak demand ahead of a refresh, or it could be an indication Sprint is saddled with a ton of 4S inventory due to its purchase commitments, and is scrambling to clear it while it still can.

    | Aug. 6, 2012, 6:00 PM | 8 Comments
  • Aug. 6, 2012, 11:32 AM

    Sprint (S) will deploy Alcatel-Lucent's (ALU) lightRadio base stations in high-density areas to support its 4G buildout. Alcatel boasts its cube-shaped lightRadio boxes offer superior miniaturization relative to other small base stations, and that their ability to be centrally managed gives them an edge in power consumption and network efficiency. The struggling telecom equipment vendor has already struck lightRadio development deals with China Mobile, America Movil, and others.

    | Aug. 6, 2012, 11:32 AM | 6 Comments
  • Aug. 2, 2012, 2:11 PM

    Sprint (S -3.8%) discloses in its Q2 10-Q the SEC recently "issued a formal order of investigation" related to its sales tax collections. The investigation comes after New York's AG filed a $300M+ suit in April over Sprint's alleged failure to collect $100M+ in sales taxes over 7 years.

    | Aug. 2, 2012, 2:11 PM | 7 Comments
  • Jul. 27, 2012, 12:29 PM

    Clearwire (CLWR +6.9%) may have missed Q2 estimates and reported subscriber losses, but its guidance for a smaller-than-expected EBITDA loss is helping its beaten-down shares rally today; Clearwire is now up 20% since partner Sprint issued its Q2 report yesterday. During its earnings call, Clearwire reiterated its plans to launch its TD-LTE 4G network by June 2013, and also talked up the value of its spectrum in light of recent activity.

    | Jul. 27, 2012, 12:29 PM
  • Jul. 27, 2012, 12:09 PM

    Sprint (S +5.2%) adds to yesterday's big post-earnings gains after receiving an upgrade to Buy from UBS. Also, Nomura is lifting its estimates today: the firm says it's encouraged by declining subscriber support costs, and Sprint's ability to hold onto 60% of Nextel customers, as it shuts down Nextel's ancient iDEN network.

    | Jul. 27, 2012, 12:09 PM | 1 Comment
  • Jul. 26, 2012, 4:42 PM

    More on Clearwire's Q2: 8K retail subs and 34K wholesale subs lost during quarter. Gains of 49K and 537K were reported in Q1. Aggregate network usage +50% Y/Y, smartphone usage +101%. Wholesale churn up 60 bps Q/Q to 3.6%, retail churn up 70 bps to 4.4%. Capex fairly low at $24M, -57% Y/Y. Free cash flow of -$204M. CLWR -3% Y/Y. (PR)

    | Jul. 26, 2012, 4:42 PM
Company Description
Sprint Corp. operates as a communication company, which offers a comprehensive range of wireless and wire line communications products and services to consumers, businesses and government users. The company operates through two segments: Wireless and Wireline. The Wireless segment offers... More
Sector: Technology
Industry: Wireless Communications
Country: United States