tyroned3222

They are knee-deep in litigation now from multiple investment firms and clients.   How do you present fictitious earnings news?   IMO, this violates the Sarbanes-Oxley Act (SOX) act.   Big time trouble if it does.  

Numbers aren’t great .. 169 thousand in gains most of this is coming from prepaid migrations without this they only do 40K +. At a loss of 189K.. tough times at sprint.. and another loss of 539m free cash flow

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Sprint and T-Mobile have extended the Merger Deadline to July 29https://www.reuters.com/article/us-sprint-m-a-tmobile/us-antitrust-chief-says-has-not-made-up-mind-on-sprint-t-mobile-merger-idUSKCN1S51IK 

 

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Interband. CA between different bands. 
Intraband has been live for a long time. 

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

If Sprint does indeed files chapter 11, what happens at that point besides restructuring of their balance sheet? Will we still prices go up, etc?


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SoftBank doesn't need a bailout. That's the ridiculous thing. They have plenty of money on hand.... They're just not giving it to Sprint. It's pathetic.
Masa put Sprint in this position by trying to do a monopole build on the cheap as opposed to a traditional network build... and when that floundered because of regulatory issues that should have always been anticipated as a risk but weren't for some reason, Sprint had no viable backup plan because it had passed on the 600 MHz Spectrum it needed for a traditional network build. Marcelo went along with this because he was a "yes man" to Masa and wanted to ride his coat tails to SoftBank. The Former CFO even used the term "Spectrum of the past" to refer to 600 MHz because there was so much misplaced confidence about this strategy. Interestingly, Guenther got out... Perhaps he had a feeling this wouldn't work or he disagreed with the overall plan.... which is probably why Hesse got the boot by Masa as well.
Would Chapter 11 do Sprint some good at this point? If it's about to go off the rails and be relegated to carrier purgatory due to SoftBank's unwillingness to inject any capital, then perhaps it would. What a shame.

Hasn't been announced yet, but late April or early May.
Last year's Fiscal 4Q2017 call was held on May 2nd: https://investors.sprint.com/news-and-events/past-events/event-details/2018/Fiscal-4Q17-Earnings-Call/default.aspx
Just before that was this: https://investors.sprint.com/news-and-events/past-events/event-details/2018/Investor-and-Media-Conference-Call/default.aspx

The merger is facing more and more uncertainty. That T-mobile is now looking more seriously at how they can deploy 5G using AWS-3..
https://www.mobileworldlive.com/featured-content/top-three/t-mobile-seeks-more-time-for-mid-band-5g-tests/amp/?__twitter_impression=true


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I don't think what I said was inherently political. I think this merger become attached to politics in certain ways, as most things can... Just as interest groups which had nothing to do with wireless (National Education Association, NAACP, GLAAD, etc.) were lumped by AT&T into supporting its attempted merger with T-Mobile at the time:
http://www.nea.org/archive/44679.htm. 
https://archives.cjr.org/the_audit/politico_is_good_on_att_buying.php
The "Merge or we lose in 5G to china" justification is very much in the same vein.
I read this kind of stuff with great skepticism: https://twitter.com/telecoms/status/1114114312346439680
Honestly, it's fear-driving.
5G is important to our economy. However, we have a very different economy than the Chinese do. We shouldn't attempt to replicate what they do or try to beat them with a largely irreversible market consolidation.

The law of physics will kill how much billions Verizon spend deploying that useless spectrum. Its already looking like the Sprint 4G WiMAX launch.  What surprised me the most was that their executives said they didn't have a plan to buy more spectrum down the road. Looks like Lowell McAdams left the chip before started to sink. Even the CBRS 3.5ghz band will have coverage issues which makes me believe this is the game Uncle Charlie at Dish is playing.  One of these carriers will come to the tablet whether they want to or not in order to acquire all that unused spectrum they have.

But mmWave is trash though. We can see that with Verizon's 5G launch flunk. 

I'm well aware of their mmWave licenses. That's still an extremely small coverage area and T-Mobile will be tasked with covering whole cities with mmWave with half the capex of Verizon or AT&T. 

That's a lot of speculation though. Everyone is itching to get their hands on CBRS so I'm doubtful T-Mobile would be able to walk away with the entire pot like they did with 600MHz. LAA for now only applies to LTE and even if they expand it to work for 5G-NR it would only deployed in hotspot configurations for added capacity much like mmWave on Verizon is right now. We continuously think of Dish as a wild card but realistically, they haven't done anything for the past 5 years besides buy up more and more spectrum and promise they're gonna deploy it some day.
I think it's time we admit that Sprint did something right by playing the long game with Band 41 because now they have the most desirable 5G spectrum in the U.S. The only thing that sucks is that they lack the funds to deploy it as widely as they want to. Meanwhile Verizon and AT&T are stuck with spotty 5G coverage and T-Mobile will be lacking the high speeds that people will come to associate with 5G until they can begin shutting down LTE on AWS and PCS and begin aggregating it with 600MHz.

Yeah but I can't find the report directly from Ookla. It's AT&T's "analysis" which they could've put a spin on.

Well it's AT&T's "analysis" of Speedtest data so I don't think this data is entirely accurate. It could be but I'm suspicious. 

SoftBank stopped the bleeding, but it’s failure to follow on with a substantial capital infusion left Sprint listless, and unable to effectively compete post acquisition. This was so irresponsible and stupid. As a Sprint shareholder made me really frustrated.
I believe that SoftBank’s failure to do so actually weakened and devalued Sprint to such a degree that Sprint wound up becoming the minority merger partner, with T-Mobile in charge. Masa couldn’t have had this in mind at the outset or during his previous merger overtures. At no point did I hear Masa or Marcelo say anything about being the minority partner.
Sprint’s cleanup process could have happened under Hesse, and I don’t believe he would have gone along with Capital being held back. That’s why he was shown the door in my opinion. Marcelo was handpicked to be a yes man to Masa.... and here we are.
 

I wouldn't say SoftBank starved Sprint of capex.  They just never went out and borrowed more money for them.  Which was always the hope.  That SoftBank would bring a huge capital infusion.  That did not happen as we know now.  But they did clean up the house which also makes Sprint a healthier company to compete and even borrow money.
Robert

Part of the attraction of the deal for T-Mobile is all the Sprint tax losses.  I am not sure Sprint could afford its share of a much larger network.
Sprint was dancing with so many potential partners before.  Perhaps they have one with less favorable terms.  Hopefully it is someone who will spend the money needed to make them successful. Don't rule out Dish playing the spoiler again -- that is what chewed up most of Softbank's improvement money for Sprint.

If the merger does not go through, I hope they revisit the idea of combining network assets and spectrum and have have a separate company run it which then sells capacity to both T-Mobile and Sprint. T-Mobile then become just marketing companies (MVNOs).
I do think that they will fight this in court. AT&T fought it and won.

restructuring your debt does not mean that you don't pay the debt but you may pay it over longer time period so the amount per year is less. Unless course you declare Chapter 11. Then some of your unsecured creditors might take a haircut.

Back in June 2018 Sprint said that they “expect to complete the substantial majority of our tri-band upgrades by the end of fiscal 2018.”
(https://newsroom.sprint.com/triband-upgrades.htm)
The earnings call/report for the end of Fiscal 2018 should be in out about a month from now, so we’ll see what this actually means soon!

I expect them to announce that 80% of towers have 2.5 but they said it would be done by April. I wish for once they actually made it on time or ahead of schedule.


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Sprint drops Target as a retail sales channel: https://www.fiercewireless.com/wireless/sprint-drops-target-as-a-retail-sales-channel
Guess the units weren’t moving there?

Sprint needs to restructure the debt and it could be more aggressive and build the network. SoftBank need to help a bit if no merger.. Sprint spends $2.6 billion per year servicing its debt. Imagine if they had that cash to plow into network. Sprint will be fine. They just need to make a commitment and stick to it .. news are very negative today and many people believe if it goes to court sprint nor tmo will spend time and resources necessary to fight in court


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More merger news: https://www.bloomberg.com/amp/news/articles/2019-03-28/sprint-claim-it-s-weak-without-t-mobile-draws-u-s-skepticism