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Sprint Corp (S.N)

S.N on New York Stock Exchange

8.27USD
22 Mar 2017
Change (% chg)

$-0.01 (-0.12%)
Prev Close
$8.28
Open
$8.31
Day's High
$8.47
Day's Low
$8.23
Volume
7,572,949
Avg. Vol
3,576,153
52-wk High
$9.64
52-wk Low
$3.12

Latest Key Developments (Source: Significant Developments)

Shenandoah Telecommunications expands relationship with Sprint
Wednesday, 15 Mar 2017 05:00pm EDT 

Shenandoah Telecommunications Co : Shenandoah Telecommunications company announces expanded relationship with sprint .Shenandoah Telecommunications - has agreed to spend approximately $32 million over next three years to upgrade and expand existing network coverage.  Full Article

General Wireless Operations commences voluntary Chapter 11 proceeding
Wednesday, 8 Mar 2017 08:29pm EST 

General Wireless Operations Inc: General Wireless Operations Inc. commences voluntary chapter 11 proceeding . General Wireless Operations says RadioShack.com, stores and dealer locations across country are still currently open for business and serving customers . company is closing approximately 200 stores and evaluating options on remaining 1,300 . General Wireless Operations says company and its advisors are currently exploring all available strategic alternatives to maximize value for creditors . company looks to preserve jobs with transition agreement with sprint corporation . will continue to work with advisors and stakeholders to preserve as many jobs as possible .company filed voluntary petitions under chapter 11 in United States bankruptcy court for district of Delaware.  Full Article

Sprint, Open Mobile announce joint venture in Puerto Rico, U.S. Virgin islands
Thursday, 23 Feb 2017 09:00am EST 

Sprint Corp : Sprint and open mobile announce joint venture in Puerto Rico and U.S. Virgin islands . Sprint Corp - sprint and open mobile will have a 68% and a 32% economic interest, and a 55% and 45% voting interest in joint venture, respectively . Sprint corp- both companies will continue to operate separately in market under their current brands until transaction closes .Sprint corp- no action is required by existing open mobile, sprint, boost mobile, or virgin mobile customers at this time.  Full Article

Sprint Corp launches unlimited HD plan
Thursday, 16 Feb 2017 09:47am EST 

Sprint Corp :Unlimited offer now includes "HD-quality video, 10GB mobile hotspot per line".  Full Article

Sprint Corp says on Feb 3 its unit Sprint Communications entered into a new $6 bln secured revolving and term loan credit facility
Monday, 6 Feb 2017 05:37pm EST 

Sprint Corp : Sprint Corp- On February 3, 2017 subsidiary, Sprint Communications, Inc entered into a new $6.0 billion secured revolving and term loan credit facility . Sprint Corp - Credit facility consists of a $4.0 billion term loan facility and a $2.0 billion revolving credit facility - SEC Filing . Sprint Corp - Credit facility replaces company's $3.3 billion unsecured revolving credit facility that was due to expire in February 2018 .Sprint Corp - Revolving credit facility matures on february 3, 2021 and term loan matures on February 3, 2024.  Full Article

Sprint CEO says Co plans to open 500 -1000 stores in the next 18 months
Tuesday, 31 Jan 2017 09:57am EST 

Sprint Corp : Sprint CEO - plans to open anywhere between 500 -1000 stores in the next 18 months; with every store carrying between 6 to 10 people - Conf call Further company coverage: [S.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Sprint becomes first U.S. partner of Pokémon GO
Wednesday, 7 Dec 2016 09:05am EST 

Sprint Corp : Sprint becomes first U.S. partner of Pokémon GO .Sprint Corp - co, Niantic inc are collaborating to create "a special Pokémon GO experience".  Full Article

Sprint is "resolute" to turnaround its prepaid phone business : Sprint CFO
Monday, 5 Dec 2016 01:09pm EST 

: Sprint Corp's 2017 priorities include a focus on top-line growth, cost takeout, and rolling out its network: Sprint CFO Tarek Robbiati . Black Friday 2016 was no different from the prior year for Sprint Corp; it is always an "intense" period of promotions: Sprint CFO . Sprint's rivals are running short of spectrum capacity, but the company is yet to fully deploy its 2.5 gigahertz spectrum holdings: Sprint CFO . Sprint feels "very good" about continuing to push 2.5 gigahertz spectrum across its footprint and adding aggregation sites: Sprint CFO . Sprint is "resolute" to turnaround its prepaid phone business : Sprint CFO .Sprint says it will take some time to revamp the branding and distribution of its prepaid phone business: Sprint CFO.  Full Article

Sprint posts 2nd-qtr loss per share of $0.04
Tuesday, 25 Oct 2016 07:30am EDT 

Sprint Corp : Q2 loss per share $0.04 . Q2 revenue $8.25 billion versus i/b/e/s view $8.03 billion . Q2 earnings per share view $-0.07 -- Thomson Reuters I/B/E/S . Raising FY 2016 guidance for operating income to $1.2 billion to $1.7 billion from previous expectation of $1 billion to $1.5 billion . Sees FY 2016 cash capital expenditures, excluding devices leased through indirect channels, to be less than $3 billion . Says it continues to expect FY 2016 adjusted EBITDA of $9.5 billion to $10 billion . Q2 postpaid phone net additions of 347,000 doubled from the prior quarter . Q2 total retail postpaid churn of 1.52 percent versus 1.54 percent . Q2 total retail prepaid churn of 5.63 percent versus 5.06 percent . Total Sprint platform end of period connections at Q2-end 60,193 million versus 59,453 million at Q1-end . Q2 Sprint platform prepaid net losses of 427,000 versus prepaid net losses of 188,000 . Q2 Sprint platform postpaid arpu $50.54 versus $53.99 .Q2 Sprint platform prepaid arpu $27.31 versus $27.66.  Full Article

Sprint waives fees to Bermuda following impact of Hurricane Nicole
Friday, 14 Oct 2016 01:48am EDT 

Sprint Corp : Sprint waives fees to bermuda following impact of hurricane nicole . Says charges for calls to bermuda will be automatically credited .Sprint - effective today to oct 15 co waiving all international call, sms charges for sprint, boost, virgin mobile customers in u.s. Reaching those in bermuda following impact of hurricane nicole.  Full Article

More From Around the Web

Electronics store RadioShack files for bankruptcy again

U.S. electronics chain RadioShack Corp filed for bankruptcy on Wednesday for the second time in a little over two years, faced with a challenging retail environment and an unsatisfying partnership with wireless provider Sprint Corp .