Light Reading

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        ADD A COMMENT
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
Anshul Sadana answers questions from Steve Saunders, Light Reading's founder and CEO, about Arista's CloudVision, a global cloud network controller for workload orchestration and workflow automation delivering a turnkey solution for cloud networking.
Live Streaming Video
CLOUD / MANAGED SERVICES: Prepping Ethernet for the Cloud
Moderator: Ray LeMaistre Panelists: Jeremy Bye, Leonard Sheahan
LRTV Huawei Video Resource Center
Huawei ONS Product Demo

8|3|15   |   6:01   |   (0) comments


Huawei shows at Open Networking Summit 2015 in Santa Clara how its SDN and NFV solutions embrace openness.
LRTV Custom TV
End-User or Enterprise Benefits to the New IP

7|30|15   |   04:27   |   (1) comment


Andrew Coward discusses what the New IP means to end users or enterprise customers. He explains compelling reasons, including how every customer can get their own network, from the transformation to the New IP.
LRTV Custom TV
Network Visibility & the New IP

7|30|15   |   02:23   |   (0) comments


Mukund Srigopal provides an explanation of what network visibility is and how it is essential as service providers transition to the New IP. In addition, the importance of the network packet broker is discussed.
Between the CEOs
Video Exclusive With Basil Alwan, Alcatel-Lucent

7|24|15   |   26:44   |   (5) comments


Basil Alwan, President of IP Routing & Transport at Alcatel-Lucent, discusses virtualization, cultural challenges, the capex crunch and more with Light Reading founder and CEO Steve Saunders.
LRTV Custom TV
VDF: Enable the Financial With Mobile Money

7|20|15   |   06:53   |   (0) comments


Ian Ravenscroft discusses how operators can expand to occupy the entire digital services value chain through service innovation.
LRTV Custom TV
Telefónica on OSS Transformation

7|20|15   |   06:01   |   (0) comments


Jose Gonzales discusses the details of Telefónica's operation transformation program.
LRTV Custom TV
Judi Achmadi on Huawei's Cloud Storage Solution

7|20|15   |   03:33   |   (0) comments


Judi discusses the key business goals of TelekomSigma's public cloud service and how Huawei's solution helps them address challenges.
LRTV Custom TV
KPN Enlightening Digital Business & IT Transformation

7|20|15   |   06:19   |   (0) comments


Rob de Beer discusses the changes that operators need to make with service innovation now coming from the Internet world.
LRTV Custom TV
Stratus Telco-Grade Cloud Solutions & NFV

7|20|15   |   07:34   |   (0) comments


Ali Kafel from Stratus Technologies addresses high-availability concerns within the telco industry with a solution that enables telcos to provide high-availability and stateful fault-tolerance using a software-based approach.
LRTV Documentaries
The Six Million Dollar Business Man

7|20|15   |   01:52   |   (0) comments


Steve Saunders, publisher. A man barely alive after an acquisition malfunction imploded the company he founded. Gentlemen, we can rebuild Light Reading. Better, faster, stronger.
Between the CEOs
CEO Chat With Anukool Lakhina, Guavus

7|20|15   |   38:51   |   (1) comment


Guavus CEO Anukool Lakhina talks to Light Reading founder and CEO Steve Saunders about the role of operational analytics in the communications services and networking sectors, particularly in relation to IoT.
LRTV Custom TV
IBM's Flash Storage With Intel QuickAssist

7|20|15   |   03:18   |   (0) comments


Intel's Bev Crair and IBM's Eric Herzog discuss how IBM's V9000 Flash Storage System has helped customers around the world. Featuring real-time compression powered by Intel QuickAssist Technology, the V9000 is a next-gen flash storage solution.
Upcoming Live Events
September 16-17, 2015, The Westin Galleria Dallas, Dallas, TX
September 16, 2015, The Westin Galleria Dallas, Dallas, TX
September 16, 2015, The Westin Galleria Dallas, Dallas, TX
September 29-30, 2015, The Westin Grand Müchen, Munich, Germany
October 14-15, 2015, New Orleans Ernest N. Morial Convention Center, New Orleans, LA
November 5, 2015, Hilton Santa Clara, Santa Clara, CA
November 17, 2015, Santa Clara, California
December 1, 2015, The Westin Times Square, New York City
All Upcoming Live Events
Infographics
To keep up with consumers' increasing digital lifestyles, an IT system and operating model overhaul is required using a modern BSS, IES and analytics.
Hot Topics
Eurobites: Nokia Seals HERE Sale
Paul Rainford, Assistant Editor, Europe, 8/3/2015
Cable Feuds With Senate Dems Over STBs
Alan Breznick, Cable/Video Practice Leader, 7/31/2015
Predictions Are Hard, Especially About the Future
Mitch Wagner, West Coast Bureau Chief, Light Reading, 7/31/2015
Like Us on Facebook
Twitter Feed
September 22, 2015
Media Begins With “Me”
Webinar Archive
BETWEEN THE CEOs - Executive Interviews
I was pleasantly surprised when Ericsson recently agreed to let me interview its CEO, Hans Vestberg. Traditionally, mega-companies like Ericsson (or Cisco) have kept ...
Basil Alwan, President of IP Routing & Transport at Alcatel-Lucent, discusses virtualization, cultural challenges, the capex crunch and more with Light Reading founder and CEO Steve Saunders.
Cats with Phones
Comes With Free Phone Stand Click Here
Who says cats don't have any skills?