Sprint's Strategy Meeting Isn't So Mysterious
2:10 PM -- We're in the summer doldrums -- ya' know hurricanes, earthquakes, Steve Jobs resigning, that kind of lull -- but do we really need to pump up Sprint Corp. (NYSE: S)'s Oct. 7 strategy update as some kind of mystery?
Sprint CEO Dan Hesse said on the operator's second-quarter call that the meeting was specifically about updating the market on Sprint's strategy for its "Network Vision" plan. "We will meet with the investment community in New York on October 7th to describe this network evolution plan in more detail, and the additional time between now and then will allow us to complete more pieces to our plan," he said on the call. Hesse has doggedly stuck to his timetable for talking about Network Vision. Even when, if you recall, it became obvious that LightSquared had sealed its Sprint deal back in June.
So, it seems unlikely he'll veer much off the topic of Sprint's 3G and 4G multi-modal plan at the October meeting. This doesn't mean that we couldn't get more details on an updated agreement with Clearwire LLC (Nasdaq: CLWR) or the timing of the LightSquared Long Term Evolution (LTE) deployment.
In particular, watch for how quickly Sprint can switch the LTE element of the network on. LightSquared still has to cover 100 million potential customers in the U.S. by the end of 2012.
— Dan Jones, Site Editor, Light Reading Mobile