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Tag: sprint
Sprint seeks to boost liquidity with $1bn-plus devices deal, revises down earnings guidance
2015-11-23 01:00:00| Total Telecom industry news
U.S. mobile operator sets up repeatable structure to help it mitigate the working capital impact of leasing devices to customers.
Tags: deal
devices
guidance
seeks
Sprint to raise USD 1.2 bln by selling, leasing back devices
2015-11-20 17:53:00| Telecompaper Headlines
(Telecompaper) Sprint has signed an agreement with newly formed Mobile Leasing Solutions for the sale and lease-back of certain leased devices. The operator expects the deal to deliver approximately USD 1.1 billion in cash as part of a total consideration of USD 1.2 billion. The transaction is expected to close in the first week of December. It is designed to immediately improve the company's liquidity position. Mobile Leasing Solutions was formed by equity investors including SoftBank. Brightstar is providing its lease management and tracking system and providing remarketing services. A forward purchase agreement is being finalised with Foxconn. Sprint said that it now expects USD 6.8 billion to USD 7.1 billion of Adjusted EBITDA in 2015, compared to its earlier target of USD 7.2 billion to USD 7.6 billion.
Tags: back
selling
usd
devices
Switch to Sprint, Get 50 Percent Off Your Data Bill
2015-11-19 22:59:45| PC Magazine Cell Phones Product Guide
The offer is available Friday, Nov. 20 through Jan. 7, 2016.
Sprint looks to poach rivals' customers with half-price offer
2015-11-19 01:00:00| Total Telecom industry news
U.S. mobile operator willing to pay up to $650 per customer in switching fees to capture users from AT&T, Verizon and T-Mobile.
Tags: offer
customers
sprint
rivals
Sprint to halve bills for those who switch from rival networks
2015-11-18 22:18:40| Telecom - Topix.net
Customers who switch to Sprint Corp from Verizon, AT&T and T-Mobile will have to pay only half of what they pay for their existing plans, the No.4 U.S. carrier said in a bid to lure users to its network ahead of the holiday season. Shares of the company, which is in the middle of a turnaround plan and has vowed to cut over $2 billion in costs by the end of 2016, were down about 8.4 percent in afternoon trading.
Tags: networks
switch
bills
sprint
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