bigsnake49 Posted October 25, 2012 Share Posted October 25, 2012 Sprint has suffered a $767 million net loss and an operating loss of $231 million, ess than the $629 million operating loss it suffered in Q2, a. The business did manage to bring in total revenues of $8.8 billion. It had a negative free cash flow of $487 million. We all know that Financials will start to improve next year, right? The Sprint platform added 410,000 net postpaid customers during the quarter. The Nextel platform lost 866,000 net postpaid additions and Nextel platform postpaid net subscriber losses include 516,000 net subscribers from the Nextel platform acquired on the Sprint platform. • The company added 19,000 net prepaid subscribers during the quarter, which incladditions of 459,000 prepaid Sprint platform customers, offset by net prepaid Nextel platform customers. Sprint platform prepaid net additions and Nextel platform prepaid net losses include 152,000 net subscribers from the Nextel platform acquired on Sprint platform. For the quarter, the company reported net additions of 14,000 wholesale and affiliate subscribers. http://investors.sprint.com/Cache/1001169639.PDF?D=&O=PDF&iid=4057219&Y=&T=&fid=1001169639 Quote Link to comment Share on other sites More sharing options...
Rickie546 Posted October 25, 2012 Share Posted October 25, 2012 Sprint has suffered a $767 million net loss and an operating loss of $231 million, ess than the $629 million operating loss it suffered in Q2, a. The business did manage to bring in total revenues of $8.8 billion. It had a negative free cash flow of $487 million. We all know that Financials will start to improve next year, right? The Sprint platform added 410,000 net postpaid customers during the quarter. The Nextel platform lost 866,000 net postpaid additions and Nextel platform postpaid net subscriber losses include 516,000 net subscribers from the Nextel platform acquired on the Sprint platform. • The company added 19,000 net prepaid subscribers during the quarter, which incladditions of 459,000 prepaid Sprint platform customers, offset by net prepaid Nextel platform customers. Sprint platform prepaid net additions and Nextel platform prepaid net losses include 152,000 net subscribers from the Nextel platform acquired on Sprint platform. For the quarter, the company reported net additions of 14,000 wholesale and affiliate subscribers. http://investors.sprint.com/Cache/1001169639.PDF?D=&O=PDF&iid=4057219&Y=&T=&fid=1001169639 Overall seems good but they are one quarter behind on the first 12000 sites, which we all though they where behind. Quote Link to comment Share on other sites More sharing options...
ChadBroChillz Posted October 25, 2012 Share Posted October 25, 2012 Some good news and some bad. One thing I did notice is that they say they have almost 4,300 sites live, while Robert's info has less. That is a pretty big amount of sites missing. Quote Link to comment Share on other sites More sharing options...
Rickie546 Posted October 25, 2012 Share Posted October 25, 2012 Some good news and some bad. One thing I did notice is that they say they have almost 4,300 sites live, while Robert's info has less. That is a pretty big amount of sites missing. Robert gets info right from sprint. Sites around me start broadcasting lte and shows up on report about same time.so unknown Quote Link to comment Share on other sites More sharing options...
Rawvega Posted October 25, 2012 Share Posted October 25, 2012 The numbers aren't all particularly pretty, especially negative free cash flow which is something Sprint had been good at generating in previous quarters despite the paper losses. I imagine NV is a big contributor to that though, and margins should increase once it gets closer to being completed and the iDEN network is dead and buried once and for all. Quote Link to comment Share on other sites More sharing options...
bigsnake49 Posted October 25, 2012 Author Share Posted October 25, 2012 The numbers aren't all particularly pretty, especially negative free cash flow which is something Sprint had been good at generating in previous quarters despite the paper losses. I imagine NV is a big contributor to that though, and margins should increase once it gets closer to being completed and the iDEN network is dead and buried once and for all. Terminating leases is pretty expensive as well. Quote Link to comment Share on other sites More sharing options...
rjw Posted October 25, 2012 Share Posted October 25, 2012 Some good news and some bad. One thing I did notice is that they say they have almost 4,300 sites live, while Robert's info has less. That is a pretty big amount of sites missing. I also noticed that as well. They mentioned on the call that they are behind 1 Quarter on NV deployment. Quote Link to comment Share on other sites More sharing options...
rjw Posted October 25, 2012 Share Posted October 25, 2012 They just mentioned that one of their vendors(assuming Ericsson) has issues which requires them to make a 2nd visit to enable NV 3G enhancements.. Quote Link to comment Share on other sites More sharing options...
Boosted20V Posted October 25, 2012 Share Posted October 25, 2012 They just mentioned that one of their vendors(assuming Ericsson) has issues which requires them to make a 2nd visit to enable NV 3G enhancements.. I was under the impression they were alluding to Samsung having to turn it on in clusters due to the conflict with legacy hardware? Quote Link to comment Share on other sites More sharing options...
JeffDTD Posted October 25, 2012 Share Posted October 25, 2012 I crave the day nextel has finally died and we can look at a quarter of cdma only growth and losses. Other thought.... they did a great job burying that the company , overall, is serving approx ~420K fewer subscribers on 9/30/12 vs the prior quarter 2 Quote Link to comment Share on other sites More sharing options...
marioc21 Posted October 25, 2012 Share Posted October 25, 2012 I crave the day nextel has finally died and we can look at a quarter of cdma only growth and losses. Other thought.... they did a great job burying that the company , overall, is serving approx ~420K fewer subscribers on 9/30/12 vs the prior quarter They still have approximately 2.3 million left. On the earnings call they stated that approximately 1.8 million of those are business accounts. Those businesses will have to make decisions about where to go soon, because Sprint was still targeting middle of next year to complete the shutdown of iden. Quote Link to comment Share on other sites More sharing options...
S4GRU Posted October 25, 2012 Share Posted October 25, 2012 I was under the impression they were alluding to Samsung having to turn it on in clusters due to the conflict with legacy hardware? They are talking about Ericsson. Samsung has been deploying 3G with their site deployments and activating them as they go along. You can see this on our maps because Sprint has been accepting 3G at Samsung sites. However, in contrast, there are only a few dozen Ericsson sites where Sprint has accepted 3G. There are over a thousand with 4G only. I understand this was because Ericsson has had issues with its IP conversion boxes for 1x and EVDO. However, this has supposedly been recently corrected. We even had a few Ericsson 3G sites go live last week. But not many. Robert via Nexus 7 using Forum Runner Quote Link to comment Share on other sites More sharing options...
S4GRU Posted October 25, 2012 Share Posted October 25, 2012 Some good news and some bad. One thing I did notice is that they say they have almost 4' date='300 sites live, while Robert's info has less. That is a pretty big amount of sites missing.[/quote'] I think Sprint is reporting site updates and not total number of sites. Or possibly sites that are under deployment in some stage, but not necessarily accepted yet by Sprint. And based on the current production rate we saw last week, one thousand sites is only roughly two weeks of work. Since it takes 2-3 weeks to deploy a site, this alone could account for the difference. If we are off by a thousand sites...then where are they? There is no significant Sprint LTE service out there than what we are reporting. Robert via Nexus 7 using Forum Runner 2 Quote Link to comment Share on other sites More sharing options...
Boosted20V Posted October 25, 2012 Share Posted October 25, 2012 They are talking about Ericsson. Samsung has been deploying 3G with their site deployments and activating them as they go along. You can see this on our maps because Sprint has been accepting 3G at Samsung sites. However, in contrast, there are only a few dozen Ericsson sites where Sprint has accepted 3G. There are over a thousand with 4G only. I understand this was because Ericsson has had issues with its IP conversion boxes for 1x and EVDO. However, this has supposedly been recently corrected. We even had a few Ericsson 3G sites go live last week. But not many. Robert via Nexus 7 using Forum Runner Got it, my misunderstanding. Do you think when Sprint awarded these contracts to vendors there was logic to more important markets(as in more lucrative for Sprint regarding current customer base) going to vendors they had more faith in? Do you think it was a coincidence that Alca-Lu got the northeast where Sprint has many core markets? Quote Link to comment Share on other sites More sharing options...
S4GRU Posted October 25, 2012 Share Posted October 25, 2012 Got it' date=' my misunderstanding. Do you think when Sprint awarded these contracts to vendors there was logic to more important markets(as in more lucrative for Sprint regarding current customer base) going to vendors they had more faith in? Do you think it was a coincidence that Alca-Lu got the northeast where Sprint has many core markets?[/quote'] It was competitively bid, but I don't think it as bid by region. I think they assigned regions to the successful bidders based upon legacy equipment (when possible). Alcatel Lucent is mostly working in markets with old Lucent CDMA equipment. Ericsson mostly in old Nortel CDMA markets. And Samsung has a potpourri of legacy vendors, probably more Motorola than anything. Robert via Nexus 7 using Forum Runner 1 Quote Link to comment Share on other sites More sharing options...
Boosted20V Posted October 25, 2012 Share Posted October 25, 2012 It was competitively bid, but I don't think it as bid by region. I think they assigned regions to the successful bidders based upon legacy equipment (when possible). Alcatel Lucent is mostly working in markets with old Lucent CDMA equipment. Ericsson mostly in old Nortel CDMA markets. And Samsung has a potpourri of legacy vendors, probably more Motorola than anything. Robert via Nexus 7 using Forum Runner Good to know, thanks! Quote Link to comment Share on other sites More sharing options...
Boosted20V Posted October 25, 2012 Share Posted October 25, 2012 Another thing which stood out to me is how mum they were on making any statements regarding future plans. I realize companies never like to divulge this information but they were especially close to the cuff I thought. They wouldn't even comment on future advertising plans outside of Q4. Quote Link to comment Share on other sites More sharing options...
S4GRU Posted October 25, 2012 Share Posted October 25, 2012 Another thing which stood out to me is how mum they were on making any statements regarding future plans. I realize companies never like to divulge this information but they were especially close to the cuff I thought. They wouldn't even comment on future advertising plans outside of Q4. SoftBank investment is probably shaking up and affecting all future plans. Robert via Nexus 7 using Forum Runner Quote Link to comment Share on other sites More sharing options...
mdob07 Posted October 25, 2012 Share Posted October 25, 2012 Do you think that its possible that the Ericsson markets may pick up the pace now? Quote Link to comment Share on other sites More sharing options...
Boosted20V Posted October 25, 2012 Share Posted October 25, 2012 Do you think that its possible that the Ericsson markets may pick up the pace now? Given that they said there were no major changes to their timelines, they would HAVE to be picking up the pace. Quote Link to comment Share on other sites More sharing options...
Guest 503ducati Posted October 25, 2012 Share Posted October 25, 2012 They still have approximately 2.3 million left. On the earnings call they stated that approximately 1.8 million of those are business accounts. Those businesses will have to make decisions about where to go soon, because Sprint was still targeting middle of next year to complete the shutdown of iden. Not much left, not long now before it's gone for good. "There are now 3.1 million Nextel subscribers left on Sprint's iDEN network, and Sprint reduced its iDEN subscriber base by 1.3 million customers in the quarter." 2.3 million Postpaid 800k Prepaid http://www.fiercewireless.com/story/sprint-loses-423000-subs-q3-nextel-shutdown-looms/2012-10-25#ixzz2AKsKYNsH Quote Link to comment Share on other sites More sharing options...
ChadBroChillz Posted October 25, 2012 Share Posted October 25, 2012 I kinda wish they would just rip the band aid off and shut it down, but I can understand why they are waiting. 60% recapture rate is pretty good reason to not force them off. Quote Link to comment Share on other sites More sharing options...
Wildman Posted October 26, 2012 Share Posted October 26, 2012 Sprint CEO: Customer losses aren't as scary as they look http://news.cnet.com/8301-1035_3-57540389-94/sprint-ceo-customer-losses-arent-as-scary-as-they-look/ Sent from my SPH-L710 using Tapatalk 2 Quote Link to comment Share on other sites More sharing options...
Boosted20V Posted October 26, 2012 Share Posted October 26, 2012 Sprint CEO: Customer losses aren't as scary as they look http://news.cnet.com...y-as-they-look/ Sent from my SPH-L710 using Tapatalk 2 The Sprint brand is still adding subs, as long as that's the case, I'd have to agree. This shows why it was so hard for them to shutter Nextel. Even though it was sucking up money and had a low ARPU, selling investors on the fact of losing subs never sits well. I applaud Hesse for having the balls to do it. 4 Quote Link to comment Share on other sites More sharing options...
Mercurial1 Posted October 26, 2012 Share Posted October 26, 2012 I kinda wish they would just rip the band aid off and shut it down, but I can understand why they are waiting. 60% recapture rate is pretty good reason to not force them off. The sprint network can not handle all the iden customers at once. That is why the process is being dragged out. Sent from my SPH-L710 using Tapatalk 2 Quote Link to comment Share on other sites More sharing options...
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