WillM

As far as valuations, yes they were very high. I think DT paid $40 B for T-Mobile?

 

 

I think DT paid more than $50B for Voicestream which is totally insane considering how crappy that company was in general. You couldn't get anywhere near that today for TMUS which is a much better company.

Other parts of Jersey would beg to differ though.

 

Was in Jersey City and Hoboken yesterday, rock solid service. Hackensack, perfect.

 

Where in Jersey are you referring to?

Obviously some parts are better than others. I would expect them to have solid coverage in places like Jersey City but if you head into less urban areas things change and I'm not talking about some rural suburbs but areas with a lot of people

I'm mostly in Somerset and parts of Mercer and there are coverage holes that have been there for years. Step inside too many shopping centers and you're on 3G which is often useless. They also never seem to keep up with development.

I've had no problems coming up the NJTP picking up band 41

 

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To be honest that's not really much to brag about!

And what part of New Jersey would that be?

 

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Mostly Somerset in Central and down through parts of Mercer. I've been with Sprint since 2007 and it's the same areas the whole time. They just never add sites. Given the population density just a few sites would make a big difference but it's just not happening. I used to report them but I just gave up.

MS and AL are "if we have to" land for Sprint. Customer totals are low and do not warrant expansion. Basically, Sprint will maintain and slowly upgrade portions of what is there, not because they want to but because it was already there

Unfortunately I believe New Jersey, at least my part of it, is in the same boat. We got a few new sites from Nextel and B26 helped at the edges but there is no real push to expand coverage. Personally I think all they have left here is mostly prepaid subs which they don't really care about that much. I still have sites near work that haven't even had NV upgrades.

What will the brand be?

Comcast Wireless? You never know! I'm pretty sure the little guy already shopped it to them once already. If he can swallow his pride and accept a low offer maybe he could move on to other things.

Was bouncing between no service and 1X in the Princeton area but now LTE is back online.

Just curious. I took the Amtrak from DC to the city once. What an enjoyable ride - and of course it was fun watching the phone change towers and sectors.

Amtrak is way overpriced if you ask me. Occasionally you'll find an okay deal but a bus or driving is way cheaper. I've taken the Acela to Boston a bunch of times for work. It's okay. Better than the regional rail. Took that once and the train broke down between Boston and Providence. Stuck on the tracks for almost two hours in a boiling hot car.

And Sprint had a lot of 3G along the route especially in CT.

Second carrier just came online in northern NJ and small cell deployment just started happening.

 

So no, work did not stop.

That's good to hear. I just hope it comes to Central Jersey sooner rather than later.

so is NV 1.0 still happening in new Jersey?

Who knows? Feels like nothing is happening anywhere in the state to be honest. They badly need more sites too but I doubt that will happen anytime soon if ever.

I don't get this at all. SoftBank has a nearly 100 billion in debt. To borrow money and pay interest on it to buy back stock, an act that doesn't offer a return on the borrowed money, seems short sighted.

 

 

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I think Japan has gone completely crazy and has almost negative interest rates so why not borrow? Plus I assume they think the shares are undervalued.

Haven't called Sprint in 10 years... chat works just fine for the occasional phone swap.

Whenever I try to use chat it always says it's unavailable.

Why would he want to own 100% of it? He wishes he never bought it at this point and has already shopped it around. Also SoftBank itself hadn't been doing very well. Its stock is down as a result. Adding the rest of Sprint won't help.

The hype is building as predicted here in New Jersey. People are busy clearing out grocery stores and places like Lowes for bags of salt and shovels.

I probably should check our cars washer fluids though given how much they treat the roads.

I'm starting to think Masa was being a little egotistical when he bought Sprint.

You think? Take a look at the press conference he gave after he got his hands on Sprint. Did he deliver on any of it? Billionaires are often some of the most delusional people.

I don't think we've hit bottom yet. The markets are going to keep getting hammered....

 

 

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Probably. I think the economy is heading into recession if it already isn't there. Certainly a few sectors are in one now.

I still don't get why someone would buy this stock other than they are gamblers. It has historically been a horrible investment. Take out the Matterhorn like spike of the telecom boom and It's really gone nowhere but down. Plus I don't think they have ever paid a dividend. They simply don't know how to make money which is why they will most likely be sold again or eventually merged with another company. I wish you guys luck!

Not sure if anyone here is about to upgrade but Apple seems to have increased the amount they offer for recycling an old phone when you upgrade from what they were offering a month ago. I just went with my MIL the other day to upgrade her phone and they offered her $200 for her 5c. I thought that was pretty generous. She ended up getting a 6S Plus through the Apple financing but since I had them switch her to a share data plan on AT&T from her old plan her monthly cost is only a few bucks higher. 

I usually try to order my phones online so I was a little shocked at how long the whole process took. Seemed like forever. 

Just picked up some shares @ $3.15

You would probably be better off buying a Powerball ticket

I'd love to get out of the overpriced handset racket, but for better for worse I am an iPhone user, and we all know Apple will never cut the price of the iPhone. They'd stop making phones before they do that. Too much pride for their premium status..

The iPhone isn't immune to market pricing. Apple dropped the price of the first one a few months after launch to boost sales. Then they went all in with subsidies and that's how they made the huge profits. Subsidies are really ending for good just now so we need to give it a little time to see what happens. To be fair a 0% loan is a subsidy to but it's way more transparent than the previous model.

It's good to hear they are still working here in NJ though the LTE rollout is taking an eternity. The bigger problem of course is not enough sites. Has anyone seen any go up? I certainly haven't in my area.

Lets say it's possible Sprint will file for Chapter 11, What will happen?

Most of the times the company will issue new stock after they reorganize leaving the old stock worthless.

Just out of curiosity I looked at a 30 year chart of S. Ain't pretty.

I was in Monroe not that long ago but I don't really remember the coverage. Since its right along the Turnpike I'd assume it would be okay.

My opinion going be years .

The way Sprint has been moving in all of the Jersey markets I think you are being too optimistic.

I gave that example as my last experience but it was in no way unique. Maybe it is a difference in region but where I am at the wait rivals the MVD/DMV, the people are rude and the mail delivery people are asses, as a rule anyway. There are exception, but they seem to rare.

 

 

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Around my part of New Jersey there are a few decent locations as well as some people who care but for the most part they are dreary places that are understaffed with surly service. I was at one of those a month or two ago. Long line and the guy at the front wanted to open a PO Box. He wanted to have it charge his credit card each month. The employee said he would have to fill out a special form to do that and disappeared into the back for almost five minutes only to come back without one. She didn't know where they were. The guy started to complain that it shouldn't be this difficult. Then he turned to the rest of the line and said "It's like its 1975 in here!" Everyone started laughing. The sad thing is he was right in that situation.

The biggest problem I have with the USPS is they seem completely incapable of tracking a package. I've sent and received a lot of packages with tracking and most of the time it's useless.

Moreover, I think that Masa wants Sprint to try to grow organically. If Hesse/Marcelo were given a cash injection up front, it could of made them complacent, knowing that SoftBank's pile of cash was just a phone call away.

Does he even have any money to give even if he wanted to? He seems to be in debt up to his eyeballs and people don't seem to eager to lend to him now.