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February 7, 2013
08:48 EDTSSprint sees 2013 to be 'a major investment year'
Reports Q4 capital expenditures just over $1.9B, including about $1.3B of network vision capital. Says in the first two quarters of 2013 expects total capital expenditures to be at a "similar to slightly higher levels" compared to Q4. Says has started discussions with its banks to amend and extend the credit facility including for the Softbank transaction and expects the process to be completed in upcoming Q2. Says continues to expect free cash flow to be negative for the next several quarters. Free cash flow for Q4 was negative $1.3B, noting sequential decrease impacted by seasonally higher selling quarter and continued ramp of network vision project.
News For S From The Last 14 Days
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April 23, 2014
10:21 EDTSAT&T slumps after failing to raise profit guidance
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April 22, 2014
10:02 EDTSBofA/Merrill's telecom analysts hold an analyst/industry conference call
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April 21, 2014
07:22 EDTSPossible Sprint, T-Mobile merger could spark U.S. auction rethink, Reuters says
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April 14, 2014
09:10 EDTST-Mobile CEO starts petition for consumers to call on peers to end overages
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09:05 EDTST-Mobile abolishes consumer overages, challenges other providers to follow suit
T-Mobile (TMUS) announced a campaign to eliminate overage penalties, one of the most reviled wireless industry practices. While abolishing overages for all customers on T-Mobile consumer plans, its CEO has also laid down a challenge to the nation's largest carriers, AT&T (T), Verizon (VZ) and Sprint (S), to do the same.
06:40 EDTSNo lines for Samsung's Galaxy S5 but carriers say demand healthy, Re/code says
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April 13, 2014
16:57 EDTSSprint and Spotify plan to team up, Re/code says
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