Sprint Corporation (S) - NYSE
  • May 29, 2012, 11:10 AM

    Sprint (S +1%) says it has obtained a $1B credit facility that will allow it to purchase equipment from Ericsson (ERIC +5.1%) for its 4G LTE rollout. Separately, Sprint, which had $14.7B in net debt on its balance sheet as of March 31, announces it will redeem $1B worth of 6.875% notes due in Q4 2013.

    | May 29, 2012, 11:10 AM
  • May 24, 2012, 2:36 PM

    Deutsche Telekom (DTEGY.PK) CEO Rene Obermann says his company is open to merging struggling T-Mobile USA with a rival, but rules out a complete sale. T-Mobile, whose planned sale to AT&T was thwarted by regulators, was recently rumored to have discussed a merger with MetroPCS (PCS). Some think a deal with Sprint (S) is a possibility in spite of 3G network compatibility issues.

    | May 24, 2012, 2:36 PM
  • May 18, 2012, 2:44 PM
    Nomura raises its PTs for AT&T (T) and Verizon (VZ) to $36 and $42, respectively. The firm sees a "positive industry backdrop" emerging, and thinks sentiment should remain healthy through the launch of the next iPhone. On the flip side, it's worried Sprint (S), on the hook for huge iPhone purchases, could suffer if its iPhone sales "conform with broader industry upgrade trends."
    | May 18, 2012, 2:44 PM | 3 Comments
  • May 16, 2012, 5:07 PM

    Sprint (S) CEO Dan Hesse says his company is open to a major M&A deal, but not until 2014, by which point Sprint's 4G LTE upgrade will be complete. However, Hesse, whose attempt to acquire MetroPCS was thwarted by Sprint's board, notes any deal could be complicated by Sprint's low stock price. Separately, Hesse continues to predict the iPhone will be a profit-maker by 2015; concerns have grown Sprint isn't selling enough of them to absorb its purchase commitment. (previous)

    | May 16, 2012, 5:07 PM
  • May 15, 2012, 4:58 PM

    Bernstein's Craig Moffett issues a downbeat note on the U.S. wireless industry: like others, he believes the industry saw a small Q1 net decline in postpaid subs (35K), and notes the decline is much larger (635K) if one just focuses on handset subs. Moreover, Moffett thinks ARPUs, which have been propped up by smartphone adoption, will be pressured now that sales growth is slowing, and sees more pain for struggling prepaid carriers LEAP and PCS.

    | May 15, 2012, 4:58 PM | 1 Comment
  • May 15, 2012, 1:32 PM

    AT&T's (T) wireless customer satisfaction score rose 5 points to 69 in the ACSI's annual survey. That puts it nearly on par with Verizon Wireless (VZ, VOD), whose score of 70 represents a 3-point drop, and Sprint (S), which dropped a point to 71. Apple (AAPL) posted the highest score among cell phone vendors at 83, while Research In Motion (RIMM) had the lowest at 69.

    | May 15, 2012, 1:32 PM | 3 Comments
  • May 15, 2012, 12:38 PM

    Sprint (S) shareholders vote to keep CEO Dan Hesse as a director despite The Ontario Teachers' Pension Plan, which owns ~4%, saying last week it would oppose his re-election.

    | May 15, 2012, 12:38 PM | 1 Comment
  • May 14, 2012, 12:58 PM

    With the U.S. mobile industry nearing saturation, wireless carriers appear to have seen a net decline in postpaid subscribers in seasonally weak Q1, as gains for AT&T (T) and Verizon (VZ, VOD) were offset by losses for Sprint (S), T-Mobile (DTEGY.PK), and others. Slowing smartphone sales were a major culprit.

    | May 14, 2012, 12:58 PM | 2 Comments
  • May 9, 2012, 1:04 PM

    Sprint (S +3%) has also caught a bid thanks to Bloomberg's report about MetroPCS/T-Mobile USA merger talks. The report notes Sprint's management discussed acquiring T-Mobile USA last year, and in February struck a deal to acquire MetroPCS (PCS +16%) before being shot down by Sprint's board.

    | May 9, 2012, 1:04 PM | 2 Comments
  • May 9, 2012, 11:07 AM

    Verizon recently joined AT&T in giving its support to Windows Phone (MSFT), and now Sprint (S) appears to be doing the same. Though Sprint's only Windows Phone model, the HTC Arrive, hasn't sold well, an exec says the company is "bullish" on Windows Phone 8, code-named Apollo, and will give the platform another look in the August-September timeframe. Nokia (NOK) should be happy to hear that. Sprint also says it will shut down its legacy iDEN network by 2H13.

    | May 9, 2012, 11:07 AM | 6 Comments
  • May 8, 2012, 12:15 PM

    Clearwire (CLWR) has struck a deal with Qualcomm (QCOM) in which the latter agrees to develop 4G baseband chips that will support the former's pending TD-LTE network. TD-LTE is less popular than FDD-LTE, used by AT&T, Verizon, and others for their 4G deployments, but promises higher download capacity. Yesterday, Clearwire announced a similar deal with struggling 4G chipmaker Sequans (SQNS). CEO Erik Prusch says the Qualcomm deal could pave the way for carrier partnerships.

    | May 8, 2012, 12:15 PM | 3 Comments
  • May 8, 2012, 5:44 AM

    A major Sprint (S) investor, the Ontario Teachers' Pension Plan, plans to vote against the re-election of CEO Dan Hesse to the company's board, due to the "poor linkages" between company performance and senior management pay. Hesse said on Friday he'd take a $3.25M pay cut, which was enough to convince proxy advisor ISS. (See Aviva)

    | May 8, 2012, 5:44 AM | 4 Comments
  • May 1, 2012, 3:48 PM

    Sprint (S +3.4%) has been awarded a $2B wireless services contract from the Western States Contracting Alliance (WSCA), a consortium that handles public-sector purchases for 15 states. The deal lasts through October 2016. (PR)

    | May 1, 2012, 3:48 PM
  • May 1, 2012, 9:10 AM

    Premarket gainers: PLXT +65%. PFCB +30%. NUVA +18%. CAR +14%. CETV +15%. VECO +13%. HUN +10%. YGE +8%. LYG +7%. SHLD +7%. CAKE +6%. TSL +6%. HTZ +6%. WFR +4%. ANF +4%. STP +4%. AKAM +4%. ARNA +4%. FSLR +3%. JASO +3%. CLWR +3%. PWER +3%.
    Losers: COP -22%. PBY -21%. IDTI -12%. VPHM -11%. NG -7%. DPZ -7%. WMS -6%. EMR -5%. XRAY -4%. NMR -4%. NZGA -3%. URI -3%. AVP -3%. ACI -3%.

    | May 1, 2012, 9:10 AM
  • Apr. 27, 2012, 9:00 AM

    Premarket gainers: EXPE +19%. AMZN +17%. JAZZ +15%. CRAY +12%. WCRX +12%. BPZ +6%. CBS +5%. AEM +5%. RTK +5%. ARNA +4%. GT +4%. CLWR +3%. SNY +3%. MT +3%. ARMH +3%.
    Losers: MDRX -42%. DECK -19%. WDC -11%. STX -7%. KOG -5%. SBUX -4%. FIO -4%.

    | Apr. 27, 2012, 9:00 AM | 4 Comments
  • Apr. 26, 2012, 6:13 PM

    Clearwire (CLWR) is now up 4.8% AH following its Q1 report. The carrier boasts Q1 is is the first quarter in its history in which it produced net cash from operating activities, thanks to payments from Sprint. However, capex was just $23M - that will increase as Clearwire's LTE buildout occurs. Clearwire adds aggregate smartphone usage on its network rose 271%, evidence of the impact mobile data traffic is having on 3G and 4G networks. (PR)

    | Apr. 26, 2012, 6:13 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