Submitted via IRC for Runaway1956
Sprint yesterday announced "the best profitability in company history" thanks to growth in its customer base, just days after saying it needed to merge with T-Mobile USA in order to improve its network.
If Sprint was doing worse, the merger might not have happened. Sprint CEO Marcelo Claure said that the company's successful turnaround "positioned Sprint for strategic opportunities which led to our proposed merger with T-Mobile." Sprint's profitability and free cash flow was key in giving Sprint the chance to combine with T-Mobile, he said.
In the just-ended fiscal year, Sprint said it had "its highest annual retail phone net additions in five years and the best profitability in company history with its highest annual operating income at $2.7 billion and annual net income for the first time in 11 years, even when excluding the one-time favorable impact from tax reform."
(Score: 2, Troll) by realDonaldTrump on Monday May 07 2018, @01:19AM
Always when we invest, there's a little warning. Where they tell us the past performance doesn't guarantee the future results. Right? It's great that Sprint made some money. Believe me, so many of our companies are making tremendous money right now. Because of me. They call it the "Trump bump." Our economy is booming. But I won't be President forever, folks. I get 7 more years (unless we #RepealThe22nd [twitter.com]). I'm making America great again, I'm going to keep America great until 2025. And then it's up to the next guy to make sure America stays great. And let me tell you, the cell phone changes so fast, it's hard to know what will happen. Harder than in other businesses. Maybe the next cell phone will be very expensive, so only AT&T & Verizon can afford it. And if that happens and we didn't do this merger, maybe Sprint gets bought by AT&T. And T-Mobile gets bought by Verizon. Or the other way around. Even very successful businesses, in time, can fail. And believe me: I understand business. It's my favorite pastime -- after baseball and sex.