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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: 3, Interesting) by Anonymous Coward on Saturday May 05 2018, @01:07AM
The one thing they need is spectrum. VZ and AT&T and T-Mobile have the majority of it. They bet on the wrong horse with WiMax instead of LTE exactly at the wrong time. It has cost them ever since. That strategy worked with CDMA so you can not really blame them for doing it again. But this time no one else was doing it. Even QCOM went 'meh whatever' and backed LTE.