We have seen the latest earnings reports from Verizon, AT&T, and T-Mobile for the three consecutive months from April to June. Today, Sprint reported that its first-quarter tax numbers show that postpaid telephone connections have declined by 128,000 per year. Last year’s first fiscal quarter brought 87,000 net additions of postpaid phones and the previous quarter showed a net decrease of 189,000. Postpaid turnover was 1.74%, higher than the 1.63% registered by the courier in the same period last year, but lower than the 1.81% turnover rate recorded in the previous quarter.
The number of prepaid connections has suffered a net decrease of 169,000. Last fiscal quarter of last year, Sprint added 3,000 prepaid connections on a net basis. Prepaid turnover has increased from 4.17% to 4.23%. The company’s prepaid units, which include Boost Mobile, Virgin Mobile, and the same Sprint brand, are sold to Dish Network as part of the agreement with the US Department of Justice. This will allow the regulatory agency to approve the merger with T-Mobile. As part of that transaction, Sprint will discard part of its 800 MHz spectrum with Dish that will collect it.
Sprint Is Building Its True 5G Mobile Network
At the end of the quarter, Sprint had 26.47 million post-paid telephone connections, slightly below the 26.85 million it had in the first fiscal quarter of 2018 and the 26.60 million registered in the company’s fourth fiscal quarter last year. Prepaid connections were equal to 8.65 million in the first fiscal quarter, below the 9.03 million registered for the same period last year. The company activated 3.48 million devices from April to June, slightly more than 3.47 million activated in the first fiscal quarter of 2018. The percentage of these financed devices decreased from 83% to 79%, and 59 % are renting compared to 70% that was rented last year. Sprint lost $111 million in the quarter, an improvement on the $287 million lost during the fiscal first quarter of 2018. Earnings per share improved from a loss of 7 cents per share to a loss of 3 cents per share. during the same time period.
During the period, 30% of customer service conversations were handled by virtual agents who used AI. More interesting is the build of the Sprint Mobile 5G network. Now available in Atlanta, Chicago, Dallas-Fort Worth, Houston and Kansas City, other markets that should soon connect include Los Angeles, New York, Phoenix and Washington, DC. Once the nine metropolitan markets have a 5G service, Sprint will be the next. The gen network will reach 11 million Americans, giving it the largest “initial 5G coverage in the US”. The available 5G phones include the Samsung Galaxy S10 5G and the LG V50 ThinQ 5G. Sprint also offers subscribers an HTC 5G mobile hotspot.
Sprint claims to have doubled the number of its huge MIMI radios deployed over three months to 3,000. Also known as multiple-input and multiple outputs, this technology allows multiple signals to be sent through the same data channel, increasing the capacity of the network and the possible speed of data transmission. Sprint has also added LTE bands in its 800MHz, 1.9GHz, and 2.5GHz waves.
“As Sprint launches True Mobile 5G, the company continues to believe that a merger with T-Mobile is critical to accelerate the deployment of a ubiquitous, nationwide 5G network – one that includes coverage in rural locations. The combined company is expected to have the resources and technology to build a 5G network that fuels innovation across every industry, dramatically increasing competition, unleashing new economic growth, and creating thousands of jobs and billions of dollars in U.S. economic value. Together, the combined company is expected to lead the world in next-generation technology services and applications, bringing 5G service to nearly all Americans.” – Sprint
With the approval of both the FCC and the Department of Justice, the only remaining obstacle to resolve for the merger of T-Mobile-Sprint is a lawsuit filed by 13 state attorneys general and the Washington D.C. Attorney General. Looking to block the transaction. The process should not start until December. According to reports, T-Mobile is involved in solution talks with the plaintiffs.
- DOJ Approves The T-Mobile-Sprint Merger But There Is Still One Thing Unexplained
- Dish Could Help The Merger Of T-Mobile And Sprint Without Spending A Penny
- T-Mobile Legere Explains Why The U.S. Need Approval For The Merger With Sprint
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