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T-Mobile Unseats Sprint as No. 3 U.S. Carrier
2015-08-04 22:03:04| PC Magazine Cell Phones Product Guide
Legere and Co. have officially achieved their goal of topping Sprint to become the nation's third-largest wireless carrier.
Tags: us
carrier
sprint
tmobile
Sprint slips to No. 4 despite positive subscriber news
2015-08-04 15:53:11| Telecom - Topix.net
Sprint Corp. dropped below rival T-Mobile to become No. 4 among the major wireless carriers, despite major network improvements and the best churn rate in its history Sprint ended the first quarter of its fiscal year with 57.7 million subscribers.
Tags: news
positive
subscriber
sprint
Sprint improves EBITDA growth on switch to handset leasing
2015-08-04 14:18:00| Telecompaper Headlines
(Telecompaper) Sprint reported second-quarter adjusted EBITDA up 14 percent to USD 2.1 billion, while revenues were still down 9 percent to USD 8.0 billion. The improved EBITDA was due in part to the switch to handset leasing, which moved associated costs to depreciation from product costs, as well as lower costs at the wireline operations and for bad debtors. The company also raised its full-year outlook for adjusted EBITDA to USD 7.2-7.6 billion, from an earlier estimate of USD 6.5-6.9 billion, excluding any accounting impacts from the lease financing. The shift to lease plans also contributed to the drop in revenues, as handset revenues are now realised over the course of the contract. Equipment sales fell to USD 990 million from USD 1.1 billion a year ago, and service revenues dropped to USD 7.0 billion from USD 7.6 billion. Sprint succeeded in adding a net 675,000 connections in the three months, as 310,000 new postpaid users and 731,000 wholesale lines offset the loss of 366,000 prepaid users. In total the company had 56.812 million connections on the Sprint network, up from 53.331 million a year earlier, as well as 856,000 customers still from Clearwire. While connections grew in Q2, the company still lost a net 12,000 postpaid phones in the period. Sprint said it reversed the loss of phones for the first time in two years though, with net gains in May, June and July. Postpaid churn fell to 1.56 percent from 1.84 in Q1 and 2.05 a year ago, and the operator said it was a net winner in portings. Postpaid ARPU still fell to USD 55.48 from USD 56.94 in Q1 and USD 62.07 in Q2 2014.
Tags: growth
switch
leasing
sprint
Movers & Shakers: Walt Disney, Sprint, Coach earnings in focus Tuesday
2015-08-04 10:42:05| IT Services - Topix.net
Among the companies whose shares are expected to see active trade in Tuesday's session are Walt Disney Co., Sprint Corp. and Coach Inc. is projected to report fiscal third-quarter earnings of $1.41 a share, according to a survey of analysts by FactSet. The entertainment company and amusement park operator earned $1.28 a share a year ago.
Tags: tuesday
focus
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disney
Sprint names new CFO, technology chief
2015-08-04 09:39:00| Telecompaper Headlines
(Telecompaper) Sprint announced the appointment of Tarek Robbiati (50) as its new chief financial offer. He most recently was CEO at FlexiGroup, an Australian consumer finance company specializing in leasing. Previously he held senior executive positions, including group managing director and deputy CFO, at Australian carrier Telstra and was CEO of CSL, its Hong Kong mobile subsidiary. In addition, he served as head of corporate finance for Orange PLC. He will report to Sprint CEO Marcelo Claure when he joins the US operator in late August. The current CFO, Joseph Euteneuer will leave the company following an orderly transition of responsibilities, Sprint said, without giving a reason for his departure. In addition, Gunther Ottendorfer (46) is joining the company as chief operating officer, technology. He previously served as CTO for Telekom Austria Group and managing director of Optus Singtel in Australia. Ottendorfer will join Sprint immediately and will report to Claure. He will lead a newly created Technology Office with responsibility for all network planning and deployment functions, as well as IT. Also as part of these changes, John Saw, Chief Network Officer, is promoted to Chief Technology Officer, reporting to Ottendorfer. Junichi Miyakawa, Technical Chief Operating Officer, will become a senior technical adviser in the Office of the CEO and a liaison between Sprint and its parent company Softbank for network strategy.
Tags: technology
names
chief
sprint
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