Sprint is continuing to invest in Chicago, highlighting that the windy city remains one of the carrier's premier markets as it prepares to densify its network and continue its retail expansion. The carrier said it plans to bring 750 additional new jobs to neighborhoods throughout Chicago and expects to invest $150 million in the market by the end of 2016, up from Sprint's previous commitment to invest $45 million.
If you haven't noticed there's some new and perhaps familiar faces appearing on FierceInstaller. In collaboration with my colleagues Dan Frankel, editor of FierceCable, and Phil Goldstein, editor of FierceWireless, I am now leading up this publication along with my ongoing daily coverage of the wireline industry segment at FierceTelecom.
While the overall telecom industry continues to be dominated by male executives, it's clear that women are becoming a growing and influential resource in the wireless and wireline industry segments. They are helping drive major network and marketing initiatives at some of the largest wireless operators and vendors in the U.S.
Sprint parent SoftBank's recent purchases of the carrier's shares have boosted its stock price up around 50 percent since before starting the buying spree in August. The share purchases are a reflection of SoftBank's confidence and have added $6.7 billion to Sprint's market value since Aug. 7.
We have operated under the assumption for many years that spectrum is a scarce resource, sort of like high-priced housing markets where demand outstrips supply of 'buildable land'. Carriers pay billions of dollars for a precious few megahertz of additional capacity. Pricing of data services, still hovering at $8 per GB, sends a "use the network but not too much" type of message. The projected growth in video usage has us running to Wi-Fi. Fifty percent of the valuation of Sprint and Dish Network is attributed to their spectrum assets, while conversely, Wall Street analysts are bearish on AT&T and Verizon because their share of subscribers far outweighs their share of aggregate network capacity.
Verizon Wireless is clarifying that despite its recent introduction of new plans that do away with two-year contracts and subsidized smartphones for new customers, existing customers who have two-year contracts can renew them and keep getting subsidized phones.
Sprint is not content to let AT&T Mobility lure DirecTV customers to its wireless service with the promise of savings through a bundled offer-- it's offering them something else entirely: a year of free service if they switch to Sprint.
T-Mobile US is joining the Competitive Carriers Association's LTE data roaming hub, giving small and rural carriers another partner to work with as they seek to expand their network coverage.
T-Mobile US CEO John Legere said that now that a petition he started in April 2014 to abolish data overage charges has garnered more than 250,000 signatures, he and T-Mobile are going to take action.
As part of Sprint's years-long effort to reband public safety entities, the FCC has granted a waiver that will allow Sprint to deploy its 800 MHz network in parts of Washington state that are considered key to its service in the Portland, Ore., metro area.