Objectively, Sprint's Q3 was bad. Claure claims net 237K postpaid adds, but that was due to cannibalizing 199K from their prepaid customer base. Thus, the meager "win" of 38K adds was dearly bought by the severe plan discounts (free year for DirecTV customers!), giveaway offers (iPhone 6s for $1!), and other costly gimmicks such as Direct2U and RadioShack leasing we have recently witnessed. These seemingly constant desperate tactics were reflected in the continued revenue drop and fast cash burn.
Meanwhile, lack of concrete info on NGN and leasing facilities for another quarter adds to future network and financial uncertainty. A somewhat clear outlook is needed if Sprint expects lenders to continue letting them add to and finance its $32+ billion in debt. Claure has gone ahead and initiated plans for massive cost cuts, but confidence is hard to be acquired when employees are running out the door whether voluntarily or involuntarily while a lot of work is still needed to be done to move Sprint from last place.
Subjectively, we of course hope for the best. We take heart at Claure's "inflection point" speech. Sprint's turnaround is right now or just around the corner.