Sprint likely lost postpaid handset customers in the first quarter but could report stronger financial results when it posts its quarterly earnings tomorrow, according to Wall Street analysts at Evercore ISI. In a research note, Evercore analysts Jonathan Schildkraut and Justin Ages also wrote that network quality continues to be a problem for Sprint that will need to be addressed.
Regional operator and Sprint wholesale partner nTelos Wireless experienced strong growth in the first quarter in its Western markets, with net subscriber adds totaling 8,000, up from 5,000 in fourth quarter of 2014. The company said the period was its best for net adds since 2007. In addition, the company said it is winding down its Eastern markets by migrating approximately 50,000 customers off its network.
Top executives from the nation's tower companies saw lower spending form the Tier 1 wireless carriers in the first quarter, but the carriers and tower firms all expect network densification and buildout activity to ramp up as the year progresses.
Sprint's years-long effort to be able to fully deploy its 800 MHz spectrum along the Mexican and Canadian borders got a boost after 29 U.S. senators wrote to Secretary of State John Kerry urging pressure on Mexican regulators to direct Mexican licensees in the band to retune to new channels.
Sprint struck a multi-year Wi-Fi offloading agreement with Boingo Wireless to seamlessly offload its customers' data traffic to Boingo's Wi-Fi networks at 35 major U.S. airports. The Boingo deal is one element of Sprint's evolving strategy to make Wi-Fi an integral part of its network as part of an effort to improve the performance of its network.
LG Electronics unveiled the G4, its latest flagship phone, and is focusing on both high-end specifications and a refined fashion sense to set itself apart in the crowded premium smartphone market. The G4, like its predecessor the G3, will go head-to-head with flagship phones from Samsung Electronics, Apple, HTC and others.
Sprint is making good on its promise to target the Hispanic market with the hiring of Roger Solé as senior vice president for the Hispanic market and senior vice president of innovation. Solé will report CEO Marcelo Claure and will lead the company's new Hispanic business unit.
T-Mobile US, Sprint, Dish Network, C Spire Wireless and a group of policy and public interest groups have forged a new alliance intended to pressure the FCC to craft 600 MHz auction rules that they say will benefit smaller carriers and increase wireless competition.
T-Mobile US is likely going to continue to be the leader in gaining wireless market share in the first quarter, according to new estimates from financial analysts at Evercore ISI.
U.S. wireless carriers along with Dish Network sit on wireless spectrum worth around $368 billion collectively, according to a report from a financial analyst at Goldman Sachs.