Sprint, which has slashed more than 2,500 over the last year, is actually hiring. The Kansas City Business Journal reported the nation's fourth-largest mobile carrier is adding 150 positions to its Pacific Northwest region, including 120 retail jobs. Sprint opened new sales offices in Bellevue, Wash., and Beaverton, Ore., expanding on a presence it gained when it acquired Bellevue-based Clearwire in 2013.
Sprint parent SoftBank confirmed it will sell at least $7.9 billion of its stake in Alibaba to bolster its finances as its U.S. carrier continues to struggle.
The U.S. Supreme Court declined to hear an appeal from Sprint to avoid a $300 million lawsuit filed by New York state claiming the carrier deliberately under-collected and underpaid hundreds of millions of dollars in state and local taxes over seven years.
The first quarter saw more of the same mixed results in the U.S. wireless industry as handset upgrade rates reached an all-time low and subscriber growth slowed while profitability and margins topped records set just two quarters ago, UBS said in a research note.
Sprint's CFO said the carrier is working on a financial arrangement where it will sell the rights to some of its spectrum licenses to an unnamed entity that will then lease those rights back to Sprint. Sprint's Tarek Robbiati said the company expects to finalize the money-raising effort within the coming months.
According to a new customer survey from investment banking firm Pacific Crest Securities, T-Mobile US' momentum in the market will cool during the coming months. "Our survey indicates subscriber trends at T-Mobile are slowing," the analysts wrote in a new report. "This corresponds to what T-Mobile reported for postpaid subscriber porting ratios, where each carrier improved against T-Mobile q/q in 1Q16."
Now that the first quarter 2016 earnings season is over, FierceWireless is sizing up how the largest wireless operators -- Verizon, AT&T, T-Mobile and Sprint-- performed.
Now that the first-quarter earnings season is coming to a close, it's time to take stock and see how each of the major carriers performed. FierceWireless has compiled several reports from leading analysts to present an in-depth look at just how Verizon Wireless, AT&T, T-Mobile US and Sprint each performed in the first quarter of 2016.
AT&T and Sprint are hoping to boost second-quarter subscriber adds with new promotions continuing the buy-one, get-one theme.
Sprint's on-and-off relationship with two-year customer contracts appears to be off. Again. Android Central posted what appears to be an internal Sprint document informing retail staffers that it will stop offering contracts and subsidized handsets for new accounts beginning this Tuesday.