Light Reading
As Sprint posts a Q1 loss and a decrease in post-paid subscribers, the carrier looks forward to launching a WiMax Android phone later this year

Sprint Pins Hopes on WiMax Phone

Michelle Donegan
LR Mobile News Analysis
Michelle Donegan
4/28/2010
50%
50%

Sprint Corp. (NYSE: S) revealed high hopes for the upcoming launch of its first WiMax smartphone, the High Tech Computer Corp. (HTC) (Taiwan: 2498) EVO 4G, as it reported first-quarter results today.

So high in fact, that the company is clearly hoping the new WiMax device, which uses the Android operating system, will give Sprint a much needed boost in its financial turnaround efforts. (See Sprint Launches 3G/4G Android Phone, CTIA 2010: Sprint Goes Supersonic, and Details on Sprint's EVO, and CTIA 2010: Hesse – LTE Will Be Bigger But We Are First.)

"We look forward to the launch of the HTC EVO 4G device, which we hope will provide a tailwind to our momentum," said Dan Hesse, CEO of Sprint on the earnings conference call with analysts and media today.

The "momentum" he referred to is improvements on some key operating metrics, such as operating revenue increases and progress in providing better customer care.

"I never said Sprint's turnaround would be quick or easy," said Hesse.

Indeed, Sprint posted a first-quarter net loss of $865 million, or $0.29 per common share, on revenues of $8.1 billion. The quarterly net loss is a whopping 46 percent bigger than the $594 million loss the carrier reported in the same quarter last year. Part of the reason for the larger loss is the inclusion of a non-cash $365 million tax-related charge. (See Sprint Reports Q1.)

Sprint's quarterly revenues of $8.1 billion were down 2 percent compared with the same quarter last year, but 3 percent higher than in the previous quarter. Sprint pointed out that this is the first time it has reported sequential quarterly revenue growth in three years.

The year-on-year revenue decline is mostly due to lower post-paid wireless service revenues and wireline revenues.

Sprint lost a total of 75,000 customers in the quarter, bringing its total customer base to 48.1 million at the end of the first quarter. The carrier lost 578,000 post-paid, or contract, customers in the quarter, of which 131,000 were on the CDMA network and 447,000 were on the iDEN network.

But Sprint noted that the loss of contract customers was actually an improvement on the previous year. Sprint said that it lost 670,000 fewer subscribers than it did in the first quarter of 2009. So, that's good then.

Sprint, which uses Clearwire LLC (Nasdaq: CLWR)'s network to offer WiMax services, did not disclose the number of WiMax customers it has signed up so far. The "Sprint 4G" WiMax service is available in 28 markets covering 40 million people.

— Michelle Donegan, European Editor, Light Reading Mobile

(2)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View
freetoair
50%
50%
freetoair,
User Rank: Light Beer
12/5/2012 | 4:38:09 PM
re: Sprint Pins Hopes on WiMax Phone


pinning their hopes on a wimax phone???


understand this is a lr headline and not sprint's but if that headline reflects, even partially, their thinking -- then they are delusional. cannot believe investor or anyone could see a wimax phone has providing any "tailwind". maybe a momentary puff of a breezes more realistic.

Michelle Donegan
50%
50%
Michelle Donegan,
User Rank: Light Beer
12/5/2012 | 4:38:07 PM
re: Sprint Pins Hopes on WiMax Phone
"puff of a breezes" -- that's probably more likely than Hesse's "tailwind" hope, as you say.

Listening to the call, it had a light-at-the-end-of-the-tunnel feel to it. Perhaps that's always the general tone? But they said the goal was to stabilize operations in 2010, and that the stabilization of revenue this year is very significant in the turnaround.
Educational Resources
sponsor supplied content
Educational Resources Archive
Flash Poll
From The Founder
Is your network built on 'The Old IP,' or are you part of 'The New IP' revolution?
LRTV Documentaries
A Cultural Shift for an OTT World

9|26|14   |   01:41   |   (3) comments


Telcos need to embrace a new approach to partnerships if they are to generate extra revenues quickly and give customers what they want.
LRTV Documentaries
New Skills Needed as Telecom, IT Collide

9|26|14   |   4:07   |   (1) comment


As telecom and IT collide, new technologies are emerging, new skills are needed and new opportunities for women are arising.
UBB Forum News
Do IP Networks Need An Overhaul?

9|25|14   |   02:01   |   (0) comments


As traffic levels ramp, do IP networks need new technologies and topologies?
LRTV Documentaries
Sprint Wields Its Influence in the Valley

9|25|14   |   3:09   |   (10) comments


Anne-Louise Kardas, Sprint's connection to startups in the Valley, explains how telcos can be innovative and find new opportunities with partners.
LRTV Documentaries
SDN, NFV & The Future of XO's Network

9|25|14   |   3:47   |   (0) comments


XO Communications COO Don MacNeil explains how cloud, SDN and NFV are altering its network requirements as well as changing data centers of the future.
UBB Forum News
The OTT Conundrum

9|24|14   |   01:39   |   (0) comments


What is holding back prosperous partnerships between telcos and the OTT players?
LRTV Documentaries
Putting Broadband to Work

9|24|14   |   01:26   |   (0) comments


High-speed broadband network rollout is key to telco strategies, but it's what happens after the network is built that counts.
Light Reedy
Light Reading's Women in Telecom Recap

9|24|14   |   0:55   |   (4) comments


Our first Women in Telecom breakfast was a huge success, and we hope you'll join us in London for the next event on November 6.
UBB Forum News
Monetizing Ultra-Broadband

9|24|14   |   01:43   |   (2) comments


Ultra-broadband networks need to be built, with fiber-to-the-premises the ultimate goal, but they need to be monetized, too.
LRTV Huawei Video Resource Center
Sales Director of INIT on Plug & Play Switch Devices

9|19|14   |   3:21   |   (0) comments


INIT Italy uses both the Huawei S5700 and S7700 series switches for the campus LAN environment. Sales Director Andrea Curti says their company chose these Huawei devices over others because of their performance, flexible scalability and plug-and-play features.
LRTV Huawei Video Resource Center
Saudi Arabia Upgrades Vocational Training System

9|19|14   |   3:31   |   (0) comments


The Technical and Vocational Training Corporation (TVTC) has 100,000 students, 150 government-owned institutions and oversees 1000 private institutes. The CIO of TVTC explains that Huawei devices have allowed them to manage multiple datacenters using just one software program, scientifically tracking the progress of students and teachers, saving them millions.
LRTV Huawei Video Resource Center
Huawei's Media Solutions Are Here to Stay

9|19|14   |   4:35   |   (0) comments


The current media revolution requires rapid upgrades in technology. New formats (HD, 3D, 4K etc.) and the subsequent explosion of file sizes demand sophisticated network and storage architecture. Social media and the multiple distribution channels require a robust asset management system. Gartner analyst Venecia Liu speaks about the current technological trends in ...
Upcoming Live Events
October 29, 2014, New York City
November 6, 2014, Santa Clara
November 11, 2014, Atlanta, GA
December 2, 2014, New York City
December 3, 2014, New York City
December 9-10, 2014, Reykjavik, Iceland
June 9-10, 2015, Chicago, IL
Infographics
Half of the world's population will be connected to the Internet by 2017, but not just by smartphones and desktops.
Hot Topics
Facebook Pokes Around LTE Direct
Sarah Reedy, Senior Editor, 9/25/2014
Sprint Wields Its Influence in the Valley
Sarah Reedy, Senior Editor, 9/25/2014
Gigabit Nets Boost GDP, Says FTTH Council
Jason Meyers, Senior Editor, Utility Communications/IoT, 9/23/2014
US Ignite Cultivates Gigabit Apps
Jason Meyers, Senior Editor, Utility Communications/IoT, 9/25/2014
Like Us on Facebook
Twitter Feed