Page 2 of 3 FirstFirst 1 2 3 LastLast
Results 16 to 30 of 35

Thread: Sprint Chairman Seeks Investments From Buffett, Malone

  1. #16
    Join Date
    Jul 2016
    Posts
    1,637
    Carrier(s)
    Ma bell and tmobile
    Feedback Score
    0
    The biggest problem I see with sprint. No matter how much money someone puts into them I would still be hesitant to do business with them. Free service that's a different story but unless they change a lot no way i would pay good money for them

    Had too many problems in the past.
    Sent from my windows phone

  2. #17
    Join Date
    Jul 2002
    Location
    Gulf Coast
    Posts
    13,803
    Device(s)
    Samsung Avant, Nexus 5X, Moto G
    Carrier(s)
    T-Mobile, Project Fi, PagePlus
    Feedback Score
    0
    I suspect, in a general sort of way, that the reason that Sprint is seeking investment this way is that, after a quick look at Sprint's books, T-Mobile ran away and hid in the bathroom.
    Donald Newcomb

  3. #18
    Join Date
    Jul 2016
    Posts
    1,637
    Carrier(s)
    Ma bell and tmobile
    Feedback Score
    0
    The only way I see tmobile doing a deal with sprint is if it's a great price due to all the baggage. Luckily T-Mobile was smart enough to at least temporarily walk away and not jump right into a deal. Sprint is desperate right now so whoever deals with them should have some leverage to make it worthwhile

  4. #19
    Join Date
    Apr 2015
    Posts
    26
    Feedback Score
    0
    If Buffet invests in Sprint their stock will skyrocket. Sprint will be on it's toes with a prominent investor and shareholder. I welcome this investment by Buffet and Malone.

    Sent from my XT1609 using Tapatalk

  5. #20
    Join Date
    May 2015
    Posts
    230
    Feedback Score
    0
    Quote Originally Posted by DRNewcomb View Post
    I suspect, in a general sort of way, that the reason that Sprint is seeking investment this way is that, after a quick look at Sprint's books, T-Mobile ran away and hid in the bathroom.
    ... or laughed and drank their laughs away at the fortunes reversing for them in just a few short years. Warren B is pretty shrewd for investments and short of him owning Sprint at a fire sale price, little chance he is going to simply dump money into the Sprint black hole. Given Sprints merry go round from TMobile to Comcast to Charter to now BH, it would seem no one is willing to dance with them.

  6. #21
    Join Date
    May 2017
    Posts
    210
    Feedback Score
    0
    Quote Originally Posted by thxdude21 View Post
    ... or laughed and drank their laughs away at the fortunes reversing for them in just a few short years. Warren B is pretty shrewd for investments and short of him owning Sprint at a fire sale price, little chance he is going to simply dump money into the Sprint black hole. Given Sprints merry go round from TMobile to Comcast to Charter to now BH, it would seem no one is willing to dance with them.
    That's the part that's really shocking to me; and a bit enlightening. They could do a deal tomorrow of course but the fact that all these merger talks have led to nothing is pretty revealing. On its face, merger makes a LOT of sense for Sprint. They really need someone to come in with deep pockets and a sellable brand name because I think the name "Sprint" is irreparably damaged. Someone will eventually gobble them up but I agree that it'll likely be a fire sale price at that point.

  7. #22
    Join Date
    Oct 2005
    Location
    Atlanta
    Posts
    5,893
    Device(s)
    iPhone 7 Matte Black
    Carrier(s)
    T-Mobile - Unleash the Data Hounds!!!
    Feedback Score
    0
    The Sprint name is indeed toxic...
    In a world full of Droids, I'm a shiny Apple.

  8. #23
    Join Date
    Jul 2004
    Posts
    4,875
    Feedback Score
    0
    Money alone won't fix the problem. If the investment happens, they still use it in the right way; they need better management (from the top in and the stores); they need to execute better and faster and they need a name change, because perception matters, and right now, the Sprint name is toxic. I am all for Sprint staying in the game, because competition is better for the consumer, but they need to actually be a force.

  9. #24
    Join Date
    Mar 2013
    Posts
    2,230
    Feedback Score
    0
    Quote Originally Posted by DRNewcomb View Post
    I suspect, in a general sort of way, that the reason that Sprint is seeking investment this way is that, after a quick look at Sprint's books, T-Mobile ran away and hid in the bathroom.
    I visualize the Sprint-T-Mo discussions lead to T-Mo saying (maybe politely) that Sprint has little value to T-Mo and Sprint being insulted and going to hide in the bathroom. ;~>

    Anyway, it is reported that Son met with Buffet and Malone separately at an annual gathering of CEOs in Sun Valley at Son's request. It's not like Buffet and Malone sought out Sprint as an interesting investment prospect. Where the report that Buffet is considering investing 10-20 Bn came from is unclear.

    Blindly dumping 10-20 Bn into the existing Sprint organization probably isn't going to fix Sprint. I don't see Buffet doing that.

    Where is Sprint now? They are deeply in debt and haven't made a yearly profit since 2006. Their network has big gaping holes and only capital funds to improve that at a glacial pace. Last year they offered service for half price. This year they are giving it away for just the cost of the taxes. It's kind of like trying to get rid of a CRT TV at Goodwill. They don't want (and won't take) that junk. Analysts do not see a profitable year anywhere in Sprint's future.

    They persist in calling themselves a nationwide network when they are not. They advertise themselves and act like they are a premium service comparable to Verizon. That is laughable. Sprint needs to go "Uncarrier" in a big way with a complete management and organization overhaul to have any chance to continue as a competitive fourth big carrier.

    I like Sprint and hope they succeed. That would be good for all of us to keep competitive pressure on the other three.

  10. #25
    Join Date
    Jul 2002
    Location
    Gulf Coast
    Posts
    13,803
    Device(s)
    Samsung Avant, Nexus 5X, Moto G
    Carrier(s)
    T-Mobile, Project Fi, PagePlus
    Feedback Score
    0
    Quote Originally Posted by bobdevnul View Post
    I visualize the Sprint-T-Mo discussions lead to T-Mo saying (maybe politely) that Sprint has little value to T-Mo and Sprint being insulted and going to hide in the bathroom. ;~>.....
    Either works for me. This issue is Sprint's debt burden. It may end up with Sprint "taking a bath."

  11. #26
    Join Date
    May 2015
    Posts
    1,205
    Feedback Score
    0
    I don't see a T-Mobile/Sprint deal happening because TMO will ask for a break-up fee (cash or spectrum) Sprint can't afford to pay. There is no guarantee this administration will approve a merger.

  12. #27
    Join Date
    Dec 2013
    Posts
    919
    Feedback Score
    0
    Quote Originally Posted by b1geast View Post
    I don't see a T-Mobile/Sprint deal happening because TMO will ask for a break-up fee (cash or spectrum) Sprint can't afford to pay. There is no guarantee this administration will approve a merger.
    If that merger would have happened it would be TMOBILE buying Sprint and, if it failed then Sprint would get the break up fee. People judge Sprint while Forgetting TMobile has at&t to thank.

    Sent from my SM-G950U using Tapatalk

  13. #28
    Join Date
    Oct 2003
    Location
    Eugene, OR
    Posts
    896
    Device(s)
    iPhones, Moto Series, (many)
    Carrier(s)
    Verizon, Sprint
    Feedback Score
    0
    (and with no real data to back this up) - have a friend Kansas native who claims Sprint has a history of being "creative with their books."
    If they do engage in dishonest practices, no amount of money will save them. Hopefully, my friend is wrong. It could explain why prior attempts have failed...
    ---
    http://pages.uoregon.edu/dalbrich
    Eugene, OR -- Pacific Northwest

  14. #29
    Join Date
    May 2015
    Posts
    230
    Feedback Score
    0
    Quote Originally Posted by dalbrich View Post
    (and with no real data to back this up) - have a friend Kansas native who claims Sprint has a history of being "creative with their books."
    If they do engage in dishonest practices, no amount of money will save them. Hopefully, my friend is wrong. It could explain why prior attempts have failed...
    This is pretty well known for those that follow Sprint and their earnings calls. Things like selling and leasing back their spectrum to handset financing offloading are just the tip of the iceberg for Sprint.

  15. #30
    Join Date
    Jun 2007
    Location
    Greater Los Angeles
    Posts
    8,118
    Device(s)
    Galaxy S8+ and Gear S3 Frontier
    Carrier(s)
    T-Mobile USA
    Feedback Score
    15 (100%)
    Quote Originally Posted by DRNewcomb View Post
    I suspect, in a general sort of way, that the reason that Sprint is seeking investment this way is that, after a quick look at Sprint's books, T-Mobile ran away and hid in the bathroom.
    Agreed. With $41 billion in debt maturing over the next 3 years Sprint is cash strapped beyond belief. Sprint NEEDS a huge cash infusion to either pay down debt or spark 2.5GHz buildouts.
    “The Internet wasn’t meant to be metered in bits and bytes, so it’s insane that wireless companies are still making you buy it this way. The rate plan is dead — it’s a fossil from a time when wireless was metered by every call or text.” John Legere 1/5/2017

Page 2 of 3 FirstFirst 1 2 3 LastLast

Similar Threads

  1. Vendor employee seeks advice from real Sprint employee
    By ladyvader420 in forum Sprint Employee Discussion
    Replies: 4
    Last Post: 04-03-2009, 08:20 PM
  2. Sprint PCS Stores Banned from Internet Use? cruz?
    By LostProphetXero in forum Sprint
    Replies: 10
    Last Post: 11-14-2003, 01:10 PM
  3. Businessman seeks $12m from Cingular
    By Consultant in forum AT&T
    Replies: 21
    Last Post: 05-27-2003, 01:57 PM
  4. Sprint PCS not built from the ground up?
    By Moleman in forum Sprint
    Replies: 23
    Last Post: 01-11-2003, 05:02 AM

Tags for this Thread

Bookmarks