In 2013 Sprint CEO Dan Hesse had probably his busiest year at the helm of the carrier since he came on board in late 2007, and the company handsomely rewarded him for his efforts. Hesse scored a total compensation package of $49 million in 2013, according to a filing with the Securities and Exchange Commission. That figure is far above Hesse's 2012 compensation and made him easily the highest-paid executive in the wireless industry last year.
Sprint's management and the wider company is in line with the thinking of its hard-charging chairman, SoftBank CEO Masayoshi Son--contrary to a recent report of friction between Son and some Sprint executives, according to Sprint CFO Joe Euteneuer.
Sprint's subscriber numbers were bolstered by a surge in tablet activations, which Sprint CFO Joe Euteneuer attributed to a variety of factors, including Sprint's introduction of installment pricing for tablets last fall and its holiday promotions.
Sprint stunned the market and said it will not participate in the Jan. 22 auction of the 1900 MHz PCS H Block. The news surprised the industry because Sprint owns spectrum directly adjacent to the H Block and was considered a key contender for the spectrum.
T-Mobile US CFO Braxton Carter said he thinks further consolidation in the U.S. wireless market is inevitable and held out the possibility of a combination between No. 3 player Sprint and No. 4 player T-Mobile.
Sprint CFO Joe Euteneuer confirmed that Apple's newest iPhones, the iPhone 5s and 5c, do not support LTE on 2.5 GHz spectrum, which Sprint will use for a nationwide TD-LTE deployment.
Sprint's $6.5 billion bond offering this week reportedly broke the record for the single largest noninvestment-grade offering ever sold directly to investors in a single day. Reports also indicated that Sprint will use part of the offering to pay off the more than $4 billion in debt owed by Clearwire, which Sprint acquired in July.
Sprint Nextel is squarely focused on driving its Network Vision network modernization project, which includes the rollout of LTE network technology, and is not letting Dish Network and SoftBank's competing bids for the company affect the effort, according to Sprint CFO Joe Eueteneuer.
Sprint Nextel is open to the idea of dropping subsidies on its phones as T-Mobile USA plans to do, but is taking a cautious approach as it looks at the impact on the market and the economics of such a move, according to senior executives.
Sprint Nextel, in the midst of extricating itself from its legacy iDEN Nextel business, posted a net subscriber loss of 337,000 wireless customers in the fourth quarter. The carrier also reduced its LTE buildout plans for 2013.