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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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July 31, 2015
06:50 EDTSComcast, Verizon differ over terms of wireless network deal, WSJ says
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July 30, 2015
06:30 EDTSSoftBank's Arora: Still committed to turning Sprint around, WSJ reports
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July 29, 2015
11:06 EDTSSprint introduces Family Share Pack plan
With more data than T-Mobile (TMUS), and with significant savings over Verizon (VZ) and AT&T (T), Sprint (S) introduces the new Sprint Family Share Pack. Families switching to Sprint get four lines, unlimited talk, text and 10GB of high-speed data while on the Sprint network for $100/month starting July 31. Sprint says its new plan will save families $480/year over Verizon and $720/year over AT&T for virtually the same 10GB of data. Sprint says that 10GB is more than double the high-speed data in T-Mobile’s family plan.
July 23, 2015
07:22 EDTSSprint price target lowered to $3 from $4 at Jefferies
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