Edition:
United States

Sprint Corp (S.N)

S.N on New York Stock Exchange

5.39USD
16 Feb 2018
Change (% chg)

$-0.10 (-1.82%)
Prev Close
$5.49
Open
$5.49
Day's High
$5.49
Day's Low
$5.31
Volume
3,227,522
Avg. Vol
3,477,077
52-wk High
$9.44
52-wk Low
$4.91

Latest Key Developments (Source: Significant Developments)

Paulson & Co Dissolves Share Stake In Sprint, Cuts In Synergy Pharmaceuticals ‍​
Wednesday, 14 Feb 2018 05:40pm EST 

Feb 14 (Reuters) - PAULSON & CO ::PAULSON & CO DISSOLVES SHARE STAKE IN SPRINT ‍​.PAULSON & CO CUTS SHARE STAKE IN SYNERGY PHARMACEUTICALS TO 4 MILLION SHARES FROM 24.1 MILLION SHARES - SEC FILING.PAULSON & CO - CHANGE IN HOLDINGS ARE AS OF DEC 31, 2017 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF SEPT 30, 2017‍​.  Full Article

Shentel Announces Expansion Of Its Affiliate Relationship With Sprint
Monday, 5 Feb 2018 07:00am EST 

Feb 5 (Reuters) - Shenandoah Telecommunications Co ::SHENTEL ANNOUNCES EXPANSION OF ITS AFFILIATE RELATIONSHIP WITH SPRINT.SHENANDOAH TELECOMMUNICATIONS CO - HAS CLOSED A TRANSACTION TO FURTHER EXPAND ITS RELATIONSHIP WITH SPRINT, EFFECTIVE FEBRUARY 1, 2018..SHENANDOAH TELECOMMUNICATIONS - HAS SIGNED EXPANSION AGREEMENT AND AMENDED AFFILIATE AGREEMENT WITH SPRINT TO EXPAND AFFILIATE SERVICE TERRITORY.SHENANDOAH TELECOMMUNICATIONS - IN EXCHANGE FOR $65 MILLION, CO TO HAVE RIGHT TO SERVE EXPANDED AFFILIATE SERVICE TERRITORY, WILL BUY ABOUT 105 CELL SITES.SHENANDOAH TELECOMMUNICATIONS - COMMITTED TO SPEND ABOUT $56 MILLION OVER NEXT 3 YEARS TO EXPAND COVERAGE.  Full Article

Sprint Qtrly Diluted Earnings Per Share ‍$1.76​
Friday, 2 Feb 2018 07:45am EST 

Feb 2 (Reuters) - Sprint Corp ::SPRINT REPORTS HIGHEST RETAIL NET ADDITIONS IN NEARLY THREE YEARS AND RAISES ADJUSTED FREE CASH FLOW* GUIDANCE WITH FISCAL 2017 THIRD QUARTER RESULTS.‍ RAISING FISCAL YEAR 2017 ADJUSTED FREE CASH FLOW GUIDANCE FROM AROUND BREAK-EVEN TO A RANGE OF $500 MILLION TO $700 MILLION​.SPRINT - IS RAISING 2017 EXPECTATION FOR OPERATING INCOME TO $2.5 BILLION TO $2.7 BILLION..QTRLY BASIC EARNINGS PER SHARE ‍$1.79​.EXPECTS 2017 ADJUSTED EBITDA TO BE AROUND MID-POINT OF ITS PRIOR EXPECTATION OF $10.8 BILLION TO $11.2 BILLION.SPRINT - EXPECTS 2017 CASH CAPITAL EXPENDITURES, EXCLUDING DEVICES LEASED THROUGH INDIRECT CHANNELS, TO BE AT LOW END OF $3.5 BILLION TO $4 BILLION.QTRLY ‍TOTAL NET OPERATING REVENUES $8,239 MILLION VERSUS $8,549 MILLION​.QTRLY NET INCOME INCLUDES APPROXIMATELY $7.1 BILLION OF FAVORABLE IMPACT FROM TAX REFORM.QTRLY DILUTED EARNINGS PER SHARE ‍$1.76​.QTRLY TOTAL WIRELESS POSTPAID CHURN OF 1.80 PERCENT VERSUS 1.67 PERCENT.Q3 REVENUE VIEW $8.15 BILLION -- THOMSON REUTERS I/B/E/S.QTRLY TOTAL WIRELESS PREPAID CHURN OF 4.63 PERCENT VERSUS 5.74 PERCENT.QTRLY WIRELESS POSTPAID NET ADDITIONS OF 256,000 VERSUS 405,000 NET ADDITIONS LAST YEAR.TOTAL WIRELESS END OF PERIOD CONNECTIONS AT Q3-END ‍54.6​ MILLION VERSUS 54 MILLION AT Q2-END.QTRLY WIRELESS PREPAID NET ADDITIONS OF 63,000 VERSUS 460,000 NET LOSSES LAST YEAR.QTRLY WIRELESS POSTPAID ARPU $‍45.13​ VERSUS $49.70.QTRLY WIRELESS PREPAID ARPU $‍37.46​ VERSUS $33.97.  Full Article

Sprint Says Michel Combes' Annual Base Salary To Be $1.5 Mln‍​ ‍​
Thursday, 4 Jan 2018 01:34pm EST 

Jan 4 (Reuters) - Sprint Corp ::SPRINT CORP SAYS MICHEL COMBES EMPLOYMENT AGREEMENT PROVIDES FOR AN ANNUAL BASE SALARY OF $1.5 MLN‍​ ‍​.SAYS ON JAN 3, CO ENTERED EMPLOYMENT AGREEMENT WITH COMBES WITH INITIAL TERM OF 24 MONTHS FROM HIRE DATE - SEC FILING.  Full Article

Sprint Names Telecom And Cable Industry Executive Michel Combes As President & CFO
Thursday, 4 Jan 2018 09:00am EST 

Jan 4 (Reuters) - Sprint Corp ::SPRINT NAMES ACCOMPLISHED TELECOM AND CABLE INDUSTRY EXECUTIVE MICHEL COMBES AS PRESIDENT & CHIEF FINANCIAL OFFICER.SPRINT NAMES ACCOMPLISHED TELECOM AND CABLE INDUSTRY EXECUTIVE MICHEL COMBES AS PRESIDENT & CHIEF FINANCIAL OFFICER.SPRINT CORP - COMBES WILL ALSO BE APPOINTED TO SPRINT'S BOARD OF DIRECTORS AT A LATER DATE.SPRINT CORP - COMBES WILL ASSUME ROLE ON JANUARY 6.SPRINT CORP - CURRENT CHIEF FINANCIAL OFFICER TAREK ROBBIATI WILL REMAIN WITH COMPANY THROUGH JANUARY​.SPRINT CORP - SPRINT CHIEF FINANCIAL OFFICER TAREK ROBBIATI WILL LEAVE COMPANY ON JANUARY 31.  Full Article

Softbank Group Reports Open Market Purchase Of Sprint Corp's Shares
Thursday, 28 Dec 2017 04:44pm EST 

Dec 28 (Reuters) - Softbank Group Corp <9984.T>::SOFTBANK GROUP CORP REPORTS OPEN MARKET PURCHASE OF 2,141,300 SHARES OF SPRINT CORP'S COMMON STOCK ON DEC 26 AT $5.81PER SHARE - SEC FILING ‍​.SOFTBANK GROUP CORP REPORTS OPEN MARKET PURCHASE OF 2,141,300 SHARES OF SPRINT CORP'S COMMON STOCK ON DEC 27 AT $5.88PER SHARE - SEC FILING ‍​.  Full Article

Sprint reports quarter to date loss per share of $0.01
Wednesday, 25 Oct 2017 08:00am EDT 

Oct 25 (Reuters) - Sprint Corp : :Sprint Corp says quarter to date total net operating revenues $7,927 million versus $8,247 million ​.Sprint reports highest retail phone net additions in more than two years with fiscal 2017 second quarter results.Sprint Corp - ‍Continues to expect $1.3 billion to $1.5 billion of year-over-year net reductions in cost of services and SG&A expenses in fiscal year 2017​.Sprint Corp - Quarter to date diluted net loss per common share $0.01.Sprint Corp qtrly ‍prepaid net additions of 95,000 compared to net losses of 449,000 in prior year​.Q2 earnings per share view $-0.02, revenue view $8.05 billion -- Thomson Reuters I/B/E/S.Sprint Corp qtrly ‍postpaid phone net additions of 279,000​.Sprint Corp - ‍Company continues to expect adjusted EBITDA of $10.8 billion to $11.2 billion​ in 2017.Sprint Corp - ‍Operating income and net loss in quarter were negatively impacted by $34 million of hurricane-related charges​.Sprint Corp - ‍Company continues to expect operating income of $2.1 billion to $2.5 billion in 2017​.Sprint Corp - ‍Future quarters may be impacted by additional hurricane-related charges​.Sprint Corp - ‍Company continues to expect cash capital expenditures, excluding devices leased through indirect channels, of $3.5 billion to $4 billion in 2017​.Sprint Corp quarter to date wireless postpaid ARPU $46.00 versus $50.54 ‍​.Sprint Corp - Quarter to date wireless prepaid ARPU $ 37.83 versus $ 33.15‍​.  Full Article

Gilat Satellite says Sprint has expanded its contract
Monday, 16 Oct 2017 06:55am EDT 

Oct 16 (Reuters) - Gilat Satellite Networks Ltd ::Gilat Satellite Networks Ltd says Sprint has expanded its contract with Gilat to include a three-year managed service project - SEC filing .Gilat Satellite Networks - co to provide services, equipment to operate sprint's 3G & LTE networks in selected areas‍​.  Full Article

Lions Gate says ‍Pantaya & Sprint to expand Spanish-language films distribution ​
Tuesday, 10 Oct 2017 12:00pm EDT 

Oct 10 (Reuters) - Lions Gate Entertainment Corp::‍Pantaya, a partnership between co & Hemisphere Media Group, & Sprint collaborate to expand distribution of Spanish-language films ​.  Full Article

T-Mobile, Sprint talks moving forward but some T-Mobile shareholders frustrated with deal price - CNBC
Wednesday, 4 Oct 2017 09:41am EDT 

Oct 4 (Reuters) - :T-Mobile, Sprint talks moving forward but some T-Mobile shareholders frustrated with deal price - CNBC, citing sources.  Full Article

BRIEF-Sprint To Reinvest Effort In Federal And Public Sector Market

* SPRINT TO REINVEST EFFORT IN FEDERAL AND PUBLIC SECTOR MARKET