Former Sprint CEO Dan Hesse told FierceWireless that he regrets causing so much disruption to Sprint customers when the company embarked on its Network Vision network modernization initiative.
Former Sprint CEO Dan Hesse, who stepped down from the top management spot after a planned merger between Sprint and T-Mobile US did not go through, said that consolidation in the U.S. wireless industry will continue.
Former Sprint CEO Dan Hesse said he regrets causing so much disruption to Sprint customers' service as Sprint plowed through its Network Vision network modernization in 2013 and into 2014. However, he said despite the pain for customers, which was more than he had anticipated, Sprint's network upgrade laid the foundation for what will be a "spectacular" network.
Sprint paid CEO Marcelo Claure nearly $21.8 million in total compensation for its fiscal year 2014, which ran until the end of March 2015, according to a Securities and Exchange Commission filing. The disclosure makes Claure among the highest-paid executives in the U.S. telecommunications sector and also places him above executives from Verizon Communications and AT&T on a pro-rata basis, since Claure only became CEO of Sprint in August 2014.
Sprint has been talking about the unique benefits of its 2.5 GHz spectrum for years--first when its partner Clearwire owned it, and then after Sprint bought Clearwire. They're still talking about how it's a differentiator. Yet unless and until Sprint fully takes advantage of that spectrum, I don't see it making meaningful market share gains or standing out from its competitors.
LAS VEGAS--It's a new day in the wireless industry. This year's Super Mobility Week is ground zero for a battle among the new guard in the wireless industry. Three of the nation's top four wireless carriers have relatively new CEOs, and attendees here at this fall show are getting a front-row seat to the opening bouts of what promises to be an interesting confrontation among them.
Sprint CEO Marcelo Claure formally took the helm of the nation's No. 3 carrier on Monday and is faced with immense challenges and strong expectations from Sprint Chairman and SoftBank CEO Masayoshi Son, who has put his faith in Claure to turn Sprint around.
Sprint's incoming CEO Marcelo Claure, who will succeed Dan Hesse on Monday, was handpicked for the role by Sprint Chairman and SoftBank CEO Masayoshi Son. The Bolivian-born Claure will now need to prove that he is right person to keep Sprint's turnaround chugging forward now that the carrier has abandoned plans to merge with T-Mobile US.
The unraveling of Sprint's bid to merge with T-Mobile US could spark a new round of price cuts in the U.S. market, according to financial analysts. That could lead to lower costs for consumers but it could also especially pressure Sprint, which is working to upgrade its LTE network.
Now that Sprint has reportedly discontinued attempts to merge with T-Mobile, it's worth taking a look at the reasons behind Sprint's desire to form a deal with the nation's No. 4 carrier--and, more importantly, who else may wish to ink a deal with T-Mobile now that Sprint is out of the picture.