In fiscal Q4, Sprint burned through $914 million of its starting $3.5 billion cash-and-marketable securities total," said MoffettNathanson analyst Craig Moffett. "At this rate, Sprint will run out of money around the 2016 (radio spectrum) incentive auction."
"At the end of fiscal 2014, gross debt equaled $33.8 billion, with cash, short-term investments of $4.2 billion," he said in a report.
Read More At Investor's Business Daily: http://news.investors.com/technology/050615-751251-sprint-cash-burn-worry-network-upgrade-strategic-need.htm#ixzz3ZNRFrLFk
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