Sprint Corporation (S) - NYSE
  • Jul. 9, 2012, 2:48 PM

    That Verizon Wireless (VZ, VOD) and AT&T (T) are engaging in price signaling - a situation where rivals quickly match each others' price changes - now seems to be admitted even by company execs. AT&T's axing of unlimited data was followed by Verizon doing the same, and all signs point to AT&T following Verizon's lead in migrating to costly shared data plans. With Sprint (S) and T-Mobile (DTEGY.PK) offering weak competition, this situation could continue for a while.

    | Jul. 9, 2012, 2:48 PM | 6 Comments
  • Jul. 3, 2012, 4:22 PM

    UBS' John Hodulik slashes his subscriber estimates (I, II) for MetroPCS (PCS) and Clearwire (CLWR), as evidence grows of U.S. mobile saturation and a tough competitive environment for everyone besides AT&T and Verizon. He now sees MetroPCS losing 150K subs in Q2 (50K prior), and having a cost per gross add of $251 ($235 prior). Clearwire is now expected to post wholesale net adds (mostly Sprint-related) of 400K in Q2 (700K prior) and 1.4M in 2012 (2.3M prior).

    | Jul. 3, 2012, 4:22 PM | 6 Comments
  • Jul. 2, 2012, 6:20 PM

    Sprint (S), Telecom Italia (TI), and others have joined the ranks of carriers supporting Mozilla's Firefox OS (formerly called Boot 2 Gecko) Telefonica (TEF) and Deutsche Telekom (DTEGY.PK) are already on board, and China's ZTE and TCL say they'll release Firefox phones running on Qualcomm (QCOM) Snapdragon processors in Q1 2013. SA's Dana Blankenhorn thinks the carriers are motivated by the possibility of having an open-source OS they can fully control.

    | Jul. 2, 2012, 6:20 PM
  • Jun. 29, 2012, 4:46 PM

    Sprint's (S) $17.5M settlement over costly early-termination fees for service contracts has been vacated by an appeals court that claims it doesn't provide adequate protections for non-suing subscribers. Last week, Sprint agreed to pay $19M to settle a class-action suit related to picture messaging charges. (also)

    | Jun. 29, 2012, 4:46 PM
  • Jun. 27, 2012, 4:41 PM

    Sprint (S) says its 4G LTE network, which it's building out with Clearwire's (CLWR) help, will go live in five cities on July 15. The launch will be supported by five devices, including Samsung's Galaxy S III. Verizon (VZ) and AT&T's (T) lead in deploying LTE, the result of Sprint's prior decision to opt for the much less popular WiMAX as its 4G technology, has Sprint scrambling to catch up. Separately, Tero Kuittinen argues T-Mobile's woes could work to Sprint's benefit.

    | Jun. 27, 2012, 4:41 PM | 1 Comment
  • Jun. 26, 2012, 1:48 PM

    A study from CIRP estimates Sprint (S) accounts for just 9% of iPhone sales at Apple Stores, and 19% of sales at Best Buy. This compares with 63% and 60%, respectively, for AT&T (T). Also, 94% of Verizon and AT&T iPhone subs bought a second iPhone from the carrier, thus limiting Sprint's ability to poach. The study raises fresh questions about whether Sprint can hit its iPhone purchase commitments, and also helps explain why Verizon felt comfortable hiking service plan prices. (also)

    | Jun. 26, 2012, 1:48 PM | 3 Comments
  • Jun. 21, 2012, 2:41 PM

    The U.S. launch of Samsung's (SSNLF.PK) Galaxy S III is off to a good start. Sprint (S) and AT&T (T) are reporting shortages following huge pre-orders, and Verizon may only be off the hook because it set a July 9 ship date. Samsung is planning a huge marketing campaign for the S III to maintain its momentum ahead of the next-gen iPhone's (AAPL) expected fall launch. Reviews for both the U.S. and international versions of the S III have been mostly positive. (component suppliers)

    | Jun. 21, 2012, 2:41 PM | 6 Comments
  • Jun. 21, 2012, 1:23 PM

    Sprint (S) is unlikely to follow Verizon Wireless' (VZ, VOD) lead in migrating to shared data plans, execs tell Nomura's Mike McCormack, who maintains a Neutral on the company due to debt and competition concerns. Verizon's plans, which will lead to higher bills for many upgrading users, have faced plenty of criticism. AT&T (T) is expected to make a similar move.

    | Jun. 21, 2012, 1:23 PM
  • Jun. 20, 2012, 12:49 PM

    Sprint (S) is paying $19M to settle a class-auction suit from customers claiming they were improperly charged for sending picture messages while subscribed to the carrier's "Everything Messaging" plan. Multimedia messaging revenues have been declining as consumers opt to use free photo-sharing services from Facebook (FB), Instagram, and others, but remain substantial. (New York lawsuit)

    | Jun. 20, 2012, 12:49 PM
  • Jun. 19, 2012, 1:28 PM

    Trying to narrow the huge revenue declines being seen by its wireline ops (sales fell 11% Y/Y in Q1) on account of falling voice revenue, Sprint (S) says it will extend the availability of its business Ethernet services to 38 countries and 143 domestic markets by year's end. Demand for carrier Ethernet services continues to grow, as both carriers and businesses warm to their lower costs and ease of management relative to legacy technologies.

    | Jun. 19, 2012, 1:28 PM
  • Jun. 12, 2012, 1:35 PM

    "We all live in an ATTizon duopoly now. And they will do with us what they please," writes Tero Kuittinen after looking at Verizon's (VZ, VOD) shared data plans. He sees the plans, which increase the minimum a smartphone user looking to upgrade has to pay to $90/month from a current $70/month, as an attempt to prevent voice/text revenues from being eroded by mobile apps (previous), and thinks they're fueled by a belief "Sprint and T-Mobile are now so weak they offer no effective competition." (also)

    | Jun. 12, 2012, 1:35 PM | 19 Comments
  • Jun. 11, 2012, 10:45 AM

    Sprint's (S) stake in Clearwire (CLWR) falls to below 50% after the latter issues equity. Sprint will now increase its voting rights in the unit and bring them into line with its holding. Sprint last year lowered those rights to under 50% to prevent a default trigger on its debt at a period when Clearwire was in danger of failing to make a repayment.

    | Jun. 11, 2012, 10:45 AM | 3 Comments
  • Jun. 6, 2012, 6:39 PM

    Nokia's (NOK) Lumia 900 is a "very decent seller" at Best Buy (BBY), claims mobile VP Scott Anderson, but it isn't selling nearly as well as some Android (GOOG) models. He adds pre-orders for Samsung's (SSNLF.PK) Galaxy S III have exceeded expectations, and that HTC's EVO 4G LTE, which runs on Sprint's (S) network, has also seen strong pre-orders. Pac Crest recently claimed the Lumia 900 is doing good business.

    | Jun. 6, 2012, 6:39 PM | 18 Comments
  • Jun. 5, 2012, 6:19 PM
    U.S. carriers are desperate to keep ARPUs from falling even as voice usage plummets in the face of growing text messaging and e-mail use. Their solution: phase out calling plans that offer a bundle of minutes in favor of more costly unlimited plans. AT&T (T) and Verizon Wireless (VZ, VOD) both reported Y/Y declines in voice revenue in Q1, though this was offset by higher mobile data revenue. AT&T's CEO recently suggested the industry would eventually see data-only plans.
    | Jun. 5, 2012, 6:19 PM | 3 Comments
  • Jun. 5, 2012, 2:53 PM

    Virgin Mobile (VMED +0.1%) will begin offering the iPhone (AAPL) to its prepaid subscribers as soon as July 1, sources tell the WSJ. Virgin relies on Sprint's (S) network, and its purchases could help the latter make good on its $15.5B, 4-year iPhone purchase commitment without getting saddled with millions of unsold iPhones. Fellow prepaid carrier Leap Wireless (LEAP) recently struck an iPhone deal of its own.

    | Jun. 5, 2012, 2:53 PM | 1 Comment
  • Jun. 4, 2012, 6:19 PM

    Less than 300K U.S. consumers turned in their feature phones for smartphones each week in May, estimates Horace Deidu after analyzing comScore's latest data. That's down sharply from the 1.5M/week added in November, and, along with disappointing Q1 smartphone sales, suggests U.S. demand for smartphones (and their costly service plans) is finally cooling off. Also of note: Android's (GOOG) smartphone share fell 20 bps M/M to 50.8%, after months of torrid growth.

    | Jun. 4, 2012, 6:19 PM | 4 Comments
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