“When you look at our guidance for fiscal year ’16, we continue to say that we expect adjusted cash flow to be around breakeven, which reflects the fact that we are reducing our capex guidance from less than $3 billion to (a range of) $2 billion to $2.3 billion,” CFO Tarek Robbiati said during an earnings call this morning.
The move marks at least the third time Sprint has lowered its capex guidance for fiscal year 2016. In May it reduced the figure from $4.5 billion to $3 billion, then in October it lowered it from $3 billion to “less than $3 billion.”
http://www.fiercewireless.com/wireless/sprint-lowers-capex-guidance-again-raising-concerns-over-network