Jump to content

Leaderboard


Popular Content

Showing content with the highest reputation on 05/11/2019 in all areas

  1. 3 points
    Sprint's situation is not dire. They still have over 50 million postpaid customers. There is a relatively high churn rate, but people are not fleeing for the exits. Most of that were temporary customers they tried to entice away with promos. In virtually every metric, Sprint is in better shape now. Financially and network performance. And frankly, their current and future capex plans are more realistic and better serving. They are much more in line with what Tmo did to get itself out of its rut back in 2012-2014. Focus on urban markets first, then suburban and secondary markets. And if you play your cards right and growth starts to occur after a few years of doing that, then they can make an exurban/rural move with major highway expansions. But Sprint cannot put the cart before the horse again this time. This is a much smarter plan. We all want Sprint to be the hard charging Number Four carrier that quickly surpasses the others to become #1 or #2. But also, there are ways to be a successful company and stay #4 forever. If Sprint cannot merge, it is still completely viable to run on its own. But it will be a long process to gain more customers or move up the rung. And I think most of us believe the network experience will be the best way to do that. And Sprint needs to start with the highest concentrations of customers first, to get the most bang for its buck. But Sprint is highlighting the darkness in their current status, because it is trying to get a merger approved. And that's going to give a lot of fodder to the unbelievers. Shun the unbelievers! Robert
  2. 3 points
    Sorry for being late to this and some of this is repeating New York. They have $7 billion in cash and just under $10 billion in liquid assets. I guess I read that differently than you do. From the investor update presentation they've basically got enough liquidity to pay off their debt for the next two years if they do nothing at all. What will happen is what has happened for years. You'll likely see Sprint offer new notes at some point this year that will replace the debt or expand it further. He isn't talking about a "massive restructuring of their debt" at all. He is talking about what Sprint has done in the past and will continue to do going forward. Sprint has roughly $4.3 billion in debt due this fiscal year. If they issue $4.3 billion in new debt ceteris paribus their debt and liquidity positions haven't changed. They aren't refinancing $40 billion in debt. As maturing debt is retired they are issuing new debt. The next 3 years that is $4 to $5 billion a year at a time. Presumably indefinitely as long as someone is willing to lend to them (which there is a finite point somewhere there), but especially in the current economic conditions Sprint didn't have any trouble getting money last year and actually up-sized an offering due to favorable interest. The Free Cash Flow thing is a little weird. As a customer, I'd prefer Sprint invests in their network, something they did up about 50% year-over-year. That spending is going to drive Free Cash Flow down. If they had spent about $1 billion less in Capex they would've been free cash flow positive, which again is meaningless to me as a customer. It also isn't a really compelling failing firm argument, which is part of the reason they're having trouble convincing the DOJ of their arguement here. T-Mobile hasn't been FCF positive* since 2015. *using Cash from operations less capital expenditures
  3. 1 point
    https://transition.fcc.gov/pshs/docs/T-Band_FactSheet_July2016.pdf Possibly 42MHz added for cellular from 470-512MHz here? Would this be TDD? https://docs.fcc.gov/public/attachments/DA-19-330A1.pdf After 2024, does this mean that any licenses remaining can be purchased and utilized for cellular? At this time, would Sprint be able to purchases licenses from any PS or CI license holders? This covers 809-815MHz. Not sure if using the expansion band or guard band would be possible (815-817MHz), though that is largely where SoLinc sits now? Do we know if Southern Linc has any intentions to participate in these auctions and widen their license holidings?
  4. 1 point
    That's not a solution. In this industry, you can't just spend one year and hope that's good enough for the next few years. That's not how this works. Doing what you're suggesting is the exact reason why Sprint is in the hole they are in to begin with. After NV 1.0, they left a lot of sites untouched in major urban areas and congestion crept up to them. B41 is great, but due to its coverage limitations Sprint needed to densify it's network. They didn't. And it bit them in the butt. You need consistent CAPEX in order to compete and gain customers (and keept those customers).
  5. 1 point
    And don't get me started on "overquoting" for "emphasis"... And those trailing triple dots... YEARGH!!!
  6. 1 point
    You guys are just falling for the propaganda. They all want us to think the Sprint's failure is imminent, if not even immediate, if the merger is not approved. You guys all mocked Sprint when they first were using hyperbole about their network and prospects when they played that card initially. And now going all ga-ga over the data again as if it was new info and now means even something more or different. This is all OLD NEWS. They want it rehashed and all of you to freak out and over talk about it, so general opinion is that Sprint is going to no longer exist with or without Tmo. But the reality is, as Brad mentioned above, Sprint is in better shape than it was last year, two years ago and five years ago. And also, I don't get the comment that "Softbank is looking for a bailout by any means necessary." Softbank is not looking for a bailout. No request of government giving money to save Sprint financially. That's a bailout. Softbank is looking for a BUYER. It's totally legit to look to sell the company. Why would this be surprising? Masa was discussing selling Sprint within weeks of buying it. That's always been on the table. And frankly, I wouldn't mind for someone to take over than Masa. A tie up with a cable company may be a very good thing for Sprint if the Tmo deal doesn't happen. But I fully expect a legal challenge if not approved. Robert
×
×
  • Create New...