
Originally Posted by
Morphling27
Wow, to go through this - they start off still focusing solely on postpaid and Sprint needs more than this going forward. A whopping 22,000 postpaid adds in a full quarter. That's a statistical anomaly for all intent's and purposes when you're talking about 10s of millions of subs.
Also, I know Sprint doesn't like this, but they aren't VZW and having this postpaid only mentality is goofy. There's a prepaid war going on between Tmo and ATT's brands. Sprint lost millions of prepaid because they've literally just left Boost and Virgin to rot. I don't know how hard it is for them, but retaining a customer (even a prepaid one) is much better than trying to regain a customer elsewhere. Oh well, great for ATT and/or Tmo.
Next they talk about their sale-lease back whatever of Spectrum (unheard of by any of the carriers until now and a sign of desperation). They've also taken leased phones off their books. They've done so many sales, leases, buy-backs, bonds, loans, etc. I cannot even keep track of Sprint's general fiscal health - although my mind says - bad. How long can they fuel all these last ditch financial attempts? I do hope it buys them time to turn around, but I felt like we've been down this path with Sprint before.
Holy lord - next up are those bonds Sprint owes. The interest rates make me cringe - is this the 1980s?! Clearwire has some at a whopping 14.75% - if I thought Sprint would pay up, I'd have bought some of those, but alas that's why they're at such a rate. Most of that debt is at well over 6% interest - I just cannot with Sprint.
Sprint needs to focus on the network network network.
Bookmarks