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Sprint Corporation (S)

  • Mar. 8, 2012, 2:37 PM
    Giant carrier subsidies for mobile devices are wreaking havoc on the wireless industry, says T-Mobile USA (DTEGY.PK) exec Cole Brodman, whose company has seen major subscriber losses due to the fact it doesn't offer the heavily subsidized iPhone (AAPL). Nomura recently lamented the impact iPhone subsidies are having on Verzion (VZ, VOD), AT&T (T), and Sprint's (S) margins.
    | Mar. 8, 2012, 2:37 PM | 5 Comments
  • Mar. 7, 2012, 8:48 AM
    Sprint (S) plans to end its network-sharing agreement with LightSquared as early as next week, Bloomberg reports. Sprint would take the step as LightSquared approaches a March 15 deadline to meet certain conditions under the agreement. The loss of Sprint would cause yet another blow to the viability of LightSquared. S +1.3% premarket.
    | Mar. 7, 2012, 8:48 AM | 1 Comment
  • Mar. 6, 2012, 2:21 PM
    Verizon Wireless (VZ, VOD) is introducing a home broadband service that leverages its 4G LTE network. However, the 10GB data cap placed on the service's $60/month plan suggests few video-loving users will be interested. Meanwhile, T-Mobile, Sprint (S), and DirecTV (DTV) are requesting the FCC halt its 180-day review of Verizon's spectrum/reseller deals with cable providers CMCSA, TWC, and Cox.
    | Mar. 6, 2012, 2:21 PM | 2 Comments
  • Mar. 6, 2012, 2:03 PM
    Virgin Mobile (VMED), which offers prepaid mobile services over Sprint's (S) network, is unveiling a new ad campaign that touts the carrier's unlimited data plans, and features heavy doses of social media marketing and founder Richard Branson. By doing so, Virgin hopes to take advantage of rival low-end carrier T-Mobile's recent woes.
    | Mar. 6, 2012, 2:03 PM | Comment!
  • Mar. 5, 2012, 11:45 AM
    MetroPCS (PCS -5%) and Leap Wireless (LEAP -7.6%) are downgraded at Bernstein, which says carriers are being forced to target more middle-market consumers instead of the low end they've built their businesses on. Moving up will pit LEAP and PCS against the likes of Sprint (S) and require more spectrum to provide service to such customers, the firm says.
    | Mar. 5, 2012, 11:45 AM | Comment!
  • Mar. 1, 2012, 12:54 PM
    AT&T (T) is amending its policy for throttling mobile download speeds for heavy users, following a public backlash over the issue. Having previously said speeds would be throttled for the "top 5%" of smartphone users, AT&T now says 3G users consuming over 3GB of data in a month, and 4G users consuming over 5GB, will be affected. Expect unlimited data provider Sprint (S) to continue using this subject as a talking point.
    | Mar. 1, 2012, 12:54 PM | 11 Comments
  • Feb. 29, 2012, 9:01 AM
    Microsoft (MSFT) is reportedly testing Qualcomm's (QCOM) stud MSM8960 chipset, hoping to have it ready for a Windows Phone 8 later this year. Sources say Sprint (S) would be interested in such a device and it has shared its LTE specs with Nokia (NOK).
    | Feb. 29, 2012, 9:01 AM | Comment!
  • Feb. 27, 2012, 10:10 AM
    Sprint's (S -2.4%) 11th-hour decision to walk away from an $8B deal for MetroPCS (PCS -0.4%) prompts questions about its leadership and who's calling the shots. A deal "which may have cut equity holders’ stakes in half to get larger in the prepaid business seems a bit incongruent with the strategic direction,” Nomura says. As for PCS, other suitors could present themselves in the near future.
    | Feb. 27, 2012, 10:10 AM | Comment!
  • Feb. 27, 2012, 9:19 AM
    Sprint (S) will raise $2B through a private placement of debt which it says will help it fund newly-acquired Clearwire. Shares are down 1.6% premarket, still influenced in part by the blowup of the MetroPCS deal.
    | Feb. 27, 2012, 9:19 AM | 2 Comments
  • Feb. 24, 2012, 6:35 PM
    More on the vetoed Sprint/MetroPCS deal: Sprint was reportedly offering a premium of 30% to MetroPCS' Wednesday close of $10.28; shares jumped on Thursday following MetroPCS' Q4 report, and closed today at $12.01. Execs at both companies expected a deal to be announced by week's end, but Sprint's board shot down the proposal on Wednesday. PCS +7.9% AH. LEAP +5%. S +0.4%.
    | Feb. 24, 2012, 6:35 PM | 1 Comment
  • Feb. 24, 2012, 5:23 PM
    Sprint's (S) was just "hours away" from agreeing to an $8B acquisition of discount carrier MetroPCS (PCS - current market cap of $4.35B) before its board vetoed the deal, claims CNBC's David Faber. No details are given, though it's quite conceivable that MetroPCS' spectrum and 4G LTE network could interest Sprint. PCS +5.3% AH. LEAP +5%. S -0.4%.
    | Feb. 24, 2012, 5:23 PM | 5 Comments
  • Feb. 24, 2012, 10:22 AM
    Given its plans to sell its stake in Clearwire (CLWR -6.2%) for a mere $1.60/share, Google (GOOG) stands to lose $453M on its original $500M investment. Continuing to hold stakes are Intel (INTC), Comcast (CMCSA), and Time Warner Cable (TWC); the latter two could be motivated to sell on account of their recent deals with Verizon; each said in December it would stop selling Clearwire's 4G broadband service.
    | Feb. 24, 2012, 10:22 AM | 2 Comments
  • Feb. 24, 2012, 8:41 AM
    Clearwire (CLWR) -6.4% premarket after Google (GOOG) discloses its intent to sell its 6.5% stake, or ~29.4M shares, in the company to Sprint (S). (SEC filing)
    | Feb. 24, 2012, 8:41 AM | 6 Comments
  • Feb. 22, 2012, 7:01 PM
    Comcast (CMCSA) is suing Sprint (S) over the alleged infringement of patents covering wireless networking technologies. The suit comes comes 2 months after Sprint sued Comcast and other cable providers for allegedly infringing on its voice-over-IP patents. Meanwhile, Sprint, T-Mobile, and MetroPCS (PCS) are continuing their efforts to halt Verizon's (VZ) spectrum/reseller deals with cable providers.
    | Feb. 22, 2012, 7:01 PM | 1 Comment
  • Feb. 22, 2012, 10:20 AM
    Text messaging revenues, long a cash cow for carriers, are coming under fire from the growing mobile use of Facebook (FB), Twitter, and other social networking platforms. Ovum estimates "social messaging" cost carriers $13.9B in messaging revenue in 2011, up from $8.7B in 2010. Though as Olga Kharif notes, social networking activity is driving the sale of pricey smartphone data plans.
    | Feb. 22, 2012, 10:20 AM | Comment!
  • Feb. 21, 2012, 11:19 AM
    RadioShack's (RSH -7.3%) Q4 results were in line with expectations, but shares plummet after the company provides downbeat guidance on its Q1 and 2012. CEO Jim Gooch warns net income will decline this year as RSH grapples with the continued negative impact of Sprint (S) sales and a shift to sales of lower margin smartphones, such as iPhones.
    | Feb. 21, 2012, 11:19 AM | Comment!
Company Description
Sprint Corp is a communications company offering wireless and wireline communications products and services to individual consumers, businesses, government subscribers and resellers.