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Wireless Telecommunications Services

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Sprint Q1 loss per share $0.08

7:00am 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.

Sprint Q1 loss per share $0.08

7:00am 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.

Verizon to buy Yahoo's operating business for $4.83 bln

6:59am EDT

Verizon Communications Inc : Verizon to acquire Yahoo's operating business . Deal valued at approximately $4.83 billion . Until closing, Yahoo will continue to operate independently . Yahoo intends to return substantially all of its net cash to shareholders . Verizon will generally issue cash-settled Verizon RSUs for Yahoo RSUs that are outstanding at close . Goldman, Sachs & Co., J.P. Morgan Securities LLC and PJT Partners are acting as financial advisors to Yahoo board and its strategic review committee . Sale does not include Yahoo's cash, Alibaba shares, Yahoo Japan shares, Yahoo's convertible notes, certain minority investments, non-core patents . Liontree Advisors, LLC, Allen & Company LLC, Bank Of America Merrill Lynch, Guggenheim Securities, LLC acting as financial advisors to Verizon . Skadden, Arps, Slate, Meagher & Flom LLP, Wilson Sonsini Goodrich & Rosati And Weil Gotshal & Manges LLP are acting as legal advisors to Yahoo . Cravath, Swaine & Moore LLP is independent legal advisor to Yahoo's strategic review committee . Yahoo's Alibaba, Yahoo Japan stakes, non-core patents will continue to be held by Yahoo which will change its name and become a publicly traded investment co . AOL's Tim Armstrong says "combining Verizon, AOL and Yahoo will create a new powerful competitive rival in mobile media" . Yahoo will be integrated with AOL under Marni Walden, EVP and President of product innovation and new businesses organization at Verizon.

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Report Title Price
Provider : Renaissance Capital
$92.00
Provider : Renaissance Capital
$92.00
Provider : GlobalData
$125.00
Provider : GlobalData
$125.00
Provider : GlobalData
$125.00

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