Key Developments: Sprint Corp (S)

S on New York Consolidated

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2 Mar 2015
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Latest Key Developments (Source: Significant Developments)

Sprint Corp announces pricing of $1.5 billion senior notes offering
Thursday, 19 Feb 2015 07:00pm EST 

Sprint Corp:Says that it has priced an underwritten public offering of $1,500,000,000 aggregate principal amount of 7.625 pct. notes due 2025.The sale of the notes is expected to close on Feb. 24, 2015.Sprint intends to use the net proceeds from the offering for general corporate purposes, which may include, among other things, working capital requirements, retirement or service requirements of outstanding debt and network expansion and modernization.  Full Article

Sprint Corp announces $1 billion senior notes offering
Thursday, 19 Feb 2015 10:55am EST 

Sprint Corp:Commenced underwritten public offering of $1,000,000,000 aggregate principal amount of notes.Sprint intends to use net proceeds from the offering for general corporate purposes, which may include, among other things, working capital requirements, retirement or service requirements of outstanding debt and network expansion and modernization.Joint book-running managers for offering are Citigroup Global Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc.Credit Agricole Securities (USA) Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Mitsubishi UFJ Securities (USA), Inc., Mizuho Securities USA Inc., RBC Capital Markets, LLC, Scotia Capital (USA) Inc. and SMBC Nikko Securities America, Inc.  Full Article

Sprint Corp updates CY 2015 EBITDA outlook - Conference Call
Thursday, 5 Feb 2015 01:30pm EST 

Sprint Corp:Expects that EBITDA could increase 5 to 7 pct year over year in CY 2015 compared to CY 2014 results.  Full Article

Sprint Corp lowers CY 2014 EBITDA outlook and announces job cuts
Monday, 3 Nov 2014 04:01pm EST 

Sprint Corp:Says consolidated adjusted EBITDA is expected to be $5.8 billion to $5.9 billion for CY 2014.Announced additional headcount reductions of about 2,000 positions.  Full Article

Sprint Corp reaches 4G LTE roaming agreements with 15 additional rural carriers
Friday, 5 Sep 2014 10:30am EDT 

Sprint Corp:Reaches 4G LTE agreements with 15 additional rural and regional network carriers as part of Rural Roaming Preferred Provider program it announced with Competitive Carriers Association earlier this year.Program gives smaller carriers a clear path forward to high speed mobile broadband solutions by providing the carriers low-cost access to Sprint's nationwide 4G LTE network and an opportunity to access an expanded range of mobile devices.Including new agreements, the program includes 27 carriers, extending coverage in 27 states, over 565,000 square miles and population of more than 38 million people.Agreements increase wireless competition by accelerating deployment and utilization of 4G LTE across U.S. where cost of building such networks and roaming costs are often prohibitively expensive.In addition to reducing roaming costs for carriers and improving competition, the Rural Roaming Preferred Provider program broadens Sprint's coverage footprint by giving its customers the ability to roam on participating carriers' networks.  Full Article

Sprint Corp names Marcelo Claure as New President and CEO
Wednesday, 6 Aug 2014 08:30am EDT 

Sprint Corp:Board of Directors named Marcelo Claure as the company's next President and Chief Executive Officer(CEO), effective Aug. 11.  Full Article

Sprint Corp reaffirms CY 2014 EBITDA outlook
Wednesday, 30 Jul 2014 07:30am EDT 

Sprint Corp:Continues to expect CY 2014 adjusted EBITDA to be between $6.7 - $6.9 billion.  Full Article

Sprint Corp launches Neurodiversity ID Pack, offers mobile solutions for customers with neurodevelopmental disabilities
Wednesday, 18 Jun 2014 10:00am EDT 

Sprint Corp:Launches Neurodiversity ID pack, unique bundle of best-in-class mobile applications targeted at helping individuals with cognitive and neurodevelopmental disabilities, such as autism, dyslexia and dyspraxia.ID pack is collection of apps that can be downloaded with a single click that aims to help improve math and reading skills, provides educational tools, and offers developmental games for children in kindergarten through 12(th)grade, in addition to providing support apps for parents.  Full Article

Sprint Corp to expand 4G LTE roaming through 12 new agreements with carriers
Monday, 16 Jun 2014 12:45pm EDT 

Sprint Corp:Says it has reached 4G LTE agreements with 12 rural and regional network carriers, giving smaller carriers clear path forward to high speed mobile broadband solutions.Furthering initiatives announced in March by Sprint, Competitive Carriers Association (CCA) and the NetAmerica Alliance.Says these agreements seek to increase wireless competition by providing the carriers and their customers low cost access to Sprint's nationwide 4G LTE network and an opportunity to pursue an expanded range of mobile devices.These agreements also help accelerate the deployment and utilization of 4G LTE across America where the cost of building such networks and the roaming costs are often prohibitively expensive.  Full Article

Sprint Corp raises FY 2014 EBITDA guidance
Tuesday, 29 Apr 2014 07:00am EDT 

Sprint Corp:Expects FY 2014 adjusted EBITDA to be between $6.7 bln and $6.9 bln.FY 2014 EBITDA of $6.7 bln - Thomson Reuters I/B/E/S.  Full Article

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RadioShack cleared to sell leases to 1,100 abandoned stores

WILMINGTON, Del - Bankrupt electronics retailer RadioShack Corp received court approval on Friday for its plan to try to sell the leases to more than 1,100 stores that it will close by the end of February.

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