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Sprint Corp (S)

S on New York Consolidated

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22 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Sprint announces early tender results and upsizing of its cash tender offers
Tuesday, 23 May 2017 08:15am EDT 

May 23 (Reuters) - Sprint Corp : :Sprint announces early tender results and upsizing of its cash tender offers for its 9.000pct guaranteed notes due 2018 and its 8.375pct notes due 2017.Sprint Corp - early tender results and upsizing of previously announced tender offers by its wholly-owned subsidiary, Sprint Communications Inc.Sprint Corp - amended terms of tender offers to increase combined aggregate principal amount of notes subject to tender offers from $1bln to $1.7 billion.Sprint Corp - amended terms of tender offers to increase aggregate principal amount acceptance sublimit applicable to 2018 notes from $500 million to $1.2 billion.  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

Sprint Corp says launching "Unlimited Freedom"
Thursday, 18 Aug 2016 09:41am EDT 

Sprint Corp : Launching "unlimited freedom" with "two lines of unlimited talk, text and data" for price of $100 a month Further company coverage: [S.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Sprint expects to have enough funds to repay FY16 debt-conf call
Monday, 25 Jul 2016 09:00am EDT 

Sprint Corp : Says expects to have adequate sources to provide capital to fund business and repay debt maturities due in fy16 - conf call Further company coverage: [S.N] (Bengaluru Newsroom: +1-646-223-8780).  Full Article

Sprint Q1 loss per share $0.08
Monday, 25 Jul 2016 07:00am EDT 

Sprint Corp : Continues to expect fiscal year 2016 operating income of $1 billion to $1.5 billion and adjusted EBITDA of $9.5 billion to $10 billion . Continues to expect fiscal year 2016 cash capital expenditures, excluding devices leased through indirect channels, of approximately $3 billion . Sprint qtrly total retail prepaid churn of 5.55 percent versus 5.08 percent . Qtrly sprint platform total net additions 377,000 versus 310,000 net additions . Qtrly sprint platform postpaid ARPU $51.54 versus $55.48 . Total sprint platform end of period connections at Q1-end 59.4 million versus 58.8 million at Q4-end . Sprint reports highest first quarter postpaid phone net additions in nine years, lowest ever postpaid phone churn, and postpaid net port positive against all three national carriers with first quarter of fiscal year 2016 results . Q1 loss per share $0.08 . Q1 earnings per share view $-0.08 -- Thomson Reuters I/B/E/S . Q1 revenue $8.0 billion versus i/b/e/s view $7.98 billion . Company continues to pursue additional financing initiatives . Sprint qtrly total retail postpaid churn of 1.56 percent versus 1.56 percent . Continues to expect fiscal year 2016 adjusted free cash flow around break-even . To pursue additional financing initiatives including additional handset receivables financing transactions, securitization involving spectrum assets . Qtrly sprint platform prepaid ARPU $27.34 versus $27.81.  Full Article

Sprint says is including 12-month Amazon Prime membership with Amazon Better Choice XXL plan
Friday, 13 May 2016 09:00am EDT 

Sprint Corp :Beginning Friday, Sprint is including a 12-month Amazon prime membership with Amazon Better Choice XXL plan.  Full Article

Sprint Corp gives FY 2016 earnings outlook
Tuesday, 3 May 2016 07:30am EDT 

Sprint Corp:Expects FY 2016 adjusted EBITDA to be $9.5 billion to $10 billion.Expects FY 2016 operating income to be $1 billion to $1.5 billion.  Full Article

Sprint Corp announces Wireless Lifeline Services Partnership with i-wireless
Monday, 2 May 2016 01:00pm EDT 

Sprint Corp:Says rntered into an agreement with i-wireless, LLC.Says partnership will merge Sprint's Assurance Wireless and i-wireless' Access Wireless into one entity.Says entity will operate under the name i-wireless.Sprint will own 70 percent of the business, with i-wireless owning the remaining 30 percent.  Full Article

Sprint Corp signs $2.2 billion deal for the sale and lease-back of certain existing network assets
Wednesday, 6 Apr 2016 05:00pm EDT 

Sprint Corp:Signs $2.2 billion deal for the sale and lease-back of certain existing network assets.Assets acquired by network leaseco will be used collateral to raise about $2.2 billion in borrowings from external investors, including softbank.Will consolidate network leaseco and co's consolidated financials will reflect cash proceeds and the underlying debt of network leaseco.Network assets involved in the transaction will remain on co's consolidated financial statements and will continue to be depreciated.$2.2 billion of cash proceeds co expects from transaction scheduled to be repaid in staggered, unequal payments through January 2018.Says network leaseco will acquire certain existing network assets and then lease them back to Sprint.  Full Article

Nikkei rises on weak yen, stimulus hopes; exporters shine

* SoftBank rises on news T-Mobile and Sprint close to tentative terms on merger