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Sprint 3rd Quarter 2014 Earnings


Mr.Nuke
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  • LTE covering 260 million people
  • 2.5 LTE aka Band 41 covers 92 million
  • Total Net additions of 590,000 subs
  • Postpaid net loss of 272,000, prepaid net adds of 272,000 and wholesale net additions of 827,000
  • Operating Revenue of $8.5 billion, Operating loss of $192 million.
  • Net loss of $765 million for the quarter, $284 million of that being severance packages.
  • EPS loss of 19 cents per share versus analyst consensus estimates of 6 cents
  • More cuts coming: 2,000 more previously unannounced layoffs
  • People: "The company has launched a management review and will seek to grow its leadership talent with a combination of internal candidates, new outside talent and SoftBank resources"
  • Postpaid deflections declined significantly in September with net losses slowing by almost 60 percent
  • Postpaid gross phone additions grew 37% month-to-month in September
  • 800 and Band 41 deployments are on track to meet goals for the end of the year. Capital Expenditures for next year are being revised downward to less than $6 billion.

 

http://newsroom.sprint.com/article_display.cfm?article_id=11627

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<p><p>So more of the same...... This is depressing.... sometime I feel like there's no hope for S....</p><br />

<p>&nbsp;</p><br />

<p>&nbsp;</p><br />

<p>EDIT:&nbsp;</p><br />

<p>This show there's alot of work that needs to be done.... A LOT.... And more than just the Network. When are we going to see more hardcore Marketing from this company.&nbsp;</p><br />

<p>&nbsp;</p><br />

<p>Say what you will about Legere, the dude knows how to market..... Everyone knows &quot;Uncarrier&quot;, damn if Sprint could just get some of that.&nbsp;</p></p>

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Net Operating Revenue of $8.5 billion; Operating Loss of $192 million and Adjusted EBITDA* of nearly $1.4 billion

Total Sprint platform net additions of 590,000

Postpaid net losses of 272,000

Prepaid net additions of 35,000

Wholesale net additions of 827,000

Brand repositioned as the Best Value in Wireless

Postpaid phone gross additions grew 37 percent month-over-month in September and increased year-over-year for the first time in 2014

Continued improvement in network performance and 4G LTE expansion

Recent studies by RootMetrics® see improvement in data network reliability and speeds from a year ago

Sprint received 94 first-place or shared first-place RootScore® Awards for reliability, call and/or text performance in cities across the country1

4G LTE coverage expands to 260 million people

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Say what? They posted the first quarter of net adds in quite a while!

 

Still Post-Paid Losses and Churn is higher than it was in the previous quarter.... It was Wholesale that gave them a gain.... Doesn't speak well of Sprint branding right now....

 

Sprint needs some serious Marketing like yesterday, some serious branding.  

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  • 2.5 GHz LTE deployment now covers 92 million people and remains on track to hit 100 million by the end of the year.

 

 

Inserted in there just like an afterthought. 

 

CAPEX down from $7 bil to $6 bil now as well. That Nokia and Alcatel-Lucent equipment shortage is really biting Sprint in the ass as they're not expected to let up until 2H 2015. 

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Expect substantially complete 800MHz voice and LTE deployment by the end of this year.

 

Expect over 100mil 2.5GHz by the end of the year.

He said voice on 800 substantially completed this year, next year for Band 26 LTE, where both can be deployed. On 2.5, he reiterated going forward they are going to be looking at the network and deploying it to the places it is needed first, as well as having several cities that will serve as a proof of concept of a completed Sprint Spark market and marketing aggressively in those markets.

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If many sites on exciting LTE markets are still lacking fiber backhaul, they will continue to lose Postpaid customers. The lack of fiber backhaul is causing customers to flee.

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First question on 2.5

 

Claure

1) Complete 800 mhz LTE, crucial to enhance in building coverage 2) leverage 2.5 for capacity issues 3) continous deployment of 2.5, accelerating deployment in customer target deployment. Start in 3-5 deployment markets but then roll-out to country (clarifying previous confusion)

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Investors sure don't like this. S is down 6.77% after-hours.

The stock was up 4.55% on a day when the market was down in regular trading though. The stock is down about 1% from where it opened today. The company reported losses greater than expected, the stock is going to drop.

 

If many sites on exciting LTE markets are still lacking fiber backhaul, they will continue to lose Postpaid customers. The lack of fiber backhaul is causing customers to flee.

I think they're aware of this.

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There isn't enough postpaid gains, or at the least stopping the outflow of postpaid. Until Sprint starts getting to the same speed averages as their competitors on averages like RootMetrics and NetIndex, the outflows will likely continue.

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The stock was up 4.55% on a day when the market was down in regular trading though. The stock is down about 1% from where it opened today.

True. It's only down 0.14 from open today.

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The stock was up 4.55% on a day when the market was down in regular trading though. The stock is down about 1% from where it opened today. The company reported losses greater than expected, the stock is going to drop.

 

 

I think they're aware of this.

 

He, and the new Japanese guy head of network should be in a Cisco conference call with the cable companies head of Business class. Why in glue hell I paid for fiber contracts, and many of my towers are still not wired with it.

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