Sprint extended CEO Marcelo Claure's contract until May 31, 2019, and said he will get 10 million shares of company stock if his turnaround efforts can push Sprint's stock to at least $8 per share.
Over the past year top executives from Sprint parent SoftBank floated the possibility of selling Sprint to both Comcast and European telecom firm Altice, according to a Wall Street Journal report, which cited unnamed sources. The efforts never went anywhere and SoftBank CEO and Sprint Chairman Masayoshi Son has firmly backed Sprint, but turning around the carrier has been anything but smooth for Son and SoftBank.
Sprint MVNO TextNow is expanding its distribution by partnering with Fry's Electronics and accepting payments for its service at more than 10,000 locations nationwide. Meanwhile, TextNow, a no-contract service from Waterloo, Ont.-based startup Enflick, is also deemphasizing the Touch Mobile prepaid brand, which it launched in September 2014.
Sprint wholesale partner Shenandoah Telecommunications, better known as Shentel, is buying fellow Sprint wholesale partner nTelos Wireless in a deal valued at around $640 million, including net debt. There had been speculation since May that such a deal would come to pass, and nTelos had been reviewing strategic alternatives.
Tucows CEO Elliott Noss said that his company's Ting Mobile MVNO has worked through most of the problems it had in terms of customer service as a result of changes Sprint made to its rules for devices that customers want to take to MVNOs. Meanwhile, Noss said that since Ting started supporting GSM service in March, likely via T-Mobile US' network, a "solid" chunk of carrier's business is now GSM-based.
Comcast appears to be riding a streak of good fortune in federal courts. The company has managed to sidestep two court cases that would have cost the company a total of $47.6 million.
Now that the second-quarter earnings season is over, what conclusions can we draw about how wireless carriers performed?Thanks to a partnership between Jackdaw Research analyst Jan Dawson and FierceWireless, we're publishing slides Dawson produced on the quarter exclusively for a short time. Special report
The Passpoint standard, introduced in 2012, promised to aggregate the fractured, splintered landscape of W-Fi hotspots into a unified system of connected networks that users could easily and seamlessly move among. And recent actions by T-Mobile US and Sprint indicate that at least some of the nation's biggest wireless carriers are using Passpoint to do just that.
Verizon Wireless and T-Mobile US dominated network spending during the second quarter and boosted tower companies' sales and cell site activity. However, AT&T and Sprint are poised to increase their spending in the second half of the year and into 2016, according to analysts and tower company executives.
Verizon Wireless' new pricing plans, in addition to doing away with subsidized smartphones and contracts, will likely boost profitability for the carrier, according to financial analysts.