Sprint is going to have to start executing faster and better if it wants to make Spark stand out next year. I'm sure SoftBank and Son will be pushing Sprint to do so. That may be the clearest measure of SoftBank's influence on Sprint.
Sprint CEO Dan Hesse acknowledged that the carrier is still working through its Network Vision network upgrade, and that as it replaces equipment to improve its network, customers will see degradations in service and Sprint will see higher churn as a result. However, he said that Sprint's tri-mode LTE service, dubbed "Sprint Spark," which is just getting underway, will provide the kind of speed differentiation that will set Sprint apart.
Sprint announced it will brand its forthcoming tri-mode LTE service as "Sprint Spark," and said it will bring the service to the top 100 U.S. markets during the next three years with speeds capable of reaching 50-60 Mbps and perhaps faster.
Sprint posted its first quarterly net profit since 2007 in the third quarter under new ownership of Japanese parent SoftBank. However, the carrier still lost subscribers as the hangover from its shutdown of the Nextel network at the end of the second quarter continued to hurt its results.
It's no secret that the vast majority of what wireless executives say in public is not surprising. Usually it's a recitation of phrases, talking points and ideas they have made in the past that they are simply reinforcing. However, every once in a while, in an interview or unguarded moment, wireless executives can let loose a whopper.
SoftBank CEO Masayoshi Son said that Sprint investors need to be patient as the carrier undergoes the next chapter in its turnaround under SoftBank control, and warned that real progress might take another two years to achieve.
Sprint CEO Dan Hesse isn't going anywhere anytime soon, as parent SoftBank has extended Hesse's contract through at least July 31, 2018.
BERLIN—Verizon Communications' decision to pay $130 billion to purchase Vodafone's 45 percent share of Verizon Wireless was not a surprise to Sprint CEO Dan Hesse. Speaking here at the IFA trade fair, Hesse told the audience that Verizon Wireless was the most important part of Verizon's business and therefore it was necessary for the operator to have full control of its business.
Next week's IFA trade fair in Berlin, which kicks off Sept. 5 and lasts until Sept. 11, will likely attract the attention of the U.S. wireless industry more than it has in the past. For the first time, the event will feature keynote addresses from two high-profile U.S. executives--Dan Hesse, CEO of Sprint and Alan Mullaly, CEO of Ford Motor Co.
Sprint executives think that the company's nationwide deployment of Clearwire's 2.5 GHz spectrum will help it catch up to LTE market leaders Verizon Wireless and AT&T Mobility, according to a financial analyst research note.