phil_Buffett Posted April 29, 2014 Share Posted April 29, 2014 http://www.valuewalk.com/2014/04/sprint-stock-surges-better-q1-results-spotify-partnership/ Link to comment Share on other sites More sharing options...
phil_Buffett Posted May 1, 2014 Share Posted May 1, 2014 http://www.bloomberg.com/news/2014-04-30/sprint-said-to-plan-t-mobile-bid-after-pushing-banks-for-funding.html http://www.bloomberg.com/news/2014-05-01/softbank-to-raise-300-billion-yen-via-sale-of-bonds.html Link to comment Share on other sites More sharing options...
Guest longinvestor Posted May 29, 2014 Share Posted May 29, 2014 https://ca.news.yahoo.com/deutsche-telekom-accepts-softbanks-offer-buy-t-mobile-122247354--finance.html Link to comment Share on other sites More sharing options...
fareastwarriors Posted June 4, 2014 Author Share Posted June 4, 2014 Sprint, T-Mobile Said Near Accord on Price, Termination Fee Sprint Corp. is nearing an agreement on the price, capital structure and termination fee of an acquisition for T-Mobile US Inc., people with knowledge of the matter said. Sprint will offer about 50 percent stock and 50 percent cash for T-Mobile, leaving parent Deutsche Telekom AG with about a 15 percent stake in the combined company, according to the people, who asked not to be identified because the process is private. The agreement could be announced as soon as July, the people said. http://www.bloomberg.com/news/2014-06-04/sprint-t-mobile-said-near-accord-on-price-termination-fee.html Link to comment Share on other sites More sharing options...
phil_Buffett Posted June 5, 2014 Share Posted June 5, 2014 Sprint, T-Mobile Said Near Accord on Price, Termination Fee Sprint Corp. is nearing an agreement on the price, capital structure and termination fee of an acquisition for T-Mobile US Inc., people with knowledge of the matter said. Sprint will offer about 50 percent stock and 50 percent cash for T-Mobile, leaving parent Deutsche Telekom AG with about a 15 percent stake in the combined company, according to the people, who asked not to be identified because the process is private. The agreement could be announced as soon as July, the people said. http://www.bloomberg.com/news/2014-06-04/sprint-t-mobile-said-near-accord-on-price-termination-fee.html thanks fareastwarriors in General to all of the boardmembers, what are your thoughts about government approval? in the article one Person speaks about a 30-40% Chance. and the government People said a few times in the past the wouldn´t allow it. so what will happen? can son from sprint convice the Regulation to approve this deal? Link to comment Share on other sites More sharing options...
Aberhound Posted June 5, 2014 Share Posted June 5, 2014 The Softbank presentation on their website shows that Verizon and ATT are taking market share and more importantly cash flow so unless this merger is approved competition will be reduced. Better to have a strong third player than numerous weak players to promote competition. Further, Softbank intends to duplicate their Japanese strategy of much faster speeds for data. Silicon Valley has got to love this. Softbank promotes cooperation with the independents so that they all together can enjoy the newer faster data rates so they likely will support. The 30-40% estimate is too low. The reason for blocking the T-Mobile & ATT was to prevent the strengthening of the duopoly, the reverse effect of the current merger. Link to comment Share on other sites More sharing options...
brker_guy Posted June 5, 2014 Share Posted June 5, 2014 Looks like Dan Hesse is about to get purged: http://www.bloomberg.com/news/2014-06-05/t-mobile-s-legere-said-likely-ceo-after-sprint-merger.html Link to comment Share on other sites More sharing options...
fareastwarriors Posted June 5, 2014 Author Share Posted June 5, 2014 Looks like Dan Hesse is about to get purged: http://www.bloomberg.com/news/2014-06-05/t-mobile-s-legere-said-likely-ceo-after-sprint-merger.html Hesse has said that it wouldn’t bother him if he doesn’t run the combined company. Link to comment Share on other sites More sharing options...
txlaw Posted June 6, 2014 Share Posted June 6, 2014 Looks like Dan Hesse is about to get purged: http://www.bloomberg.com/news/2014-06-05/t-mobile-s-legere-said-likely-ceo-after-sprint-merger.html I'm all for swapping John "Batman" Legere for Dan "the Hustle" Hesse. Not just because I like Legere better, but also because Legere will almost certainly follow through on any price war promises S and TMUS make to the FCC in furtherance of a merger. Let's just hope the FCC comes to understand that we need a strong 3rd player. Link to comment Share on other sites More sharing options...
fareastwarriors Posted June 6, 2014 Author Share Posted June 6, 2014 Masayoshi Son Presses to Turn Sprint Around For Japanese Billionaire, T-Mobile Is Crucial Piece to Telecom Puzzle http://online.wsj.com/articles/masayoshi-son-presses-to-turn-sprint-around-1402011699 Link to comment Share on other sites More sharing options...
txlaw Posted June 6, 2014 Share Posted June 6, 2014 http://www.businessweek.com/articles/2014-06-06/we-have-done-nothing-an-interview-with-masayoshi-son Link to comment Share on other sites More sharing options...
fareastwarriors Posted June 9, 2014 Author Share Posted June 9, 2014 What a Merged Sprint and T-Mobile Would Look Like http://dealbook.nytimes.com/2014/06/09/what-a-merged-sprint-and-t-mobile-would-look-like/?module=BlogPost-Title&version=Blog Main&contentCollection=Mergers & Acquisitions&action=Click&pgtype=Blogs®ion=Body Link to comment Share on other sites More sharing options...
Guest longinvestor Posted August 7, 2014 Share Posted August 7, 2014 What's next? No TMUS, new CEO. Is Masayoshi Son ready to start the price war he promises? Link to comment Share on other sites More sharing options...
lincolnc Posted November 14, 2014 Share Posted November 14, 2014 At what point might this happen? Softbank already owns like 80% of Sprint. Could this be at a 85% ownership? Link to comment Share on other sites More sharing options...
fareastwarriors Posted December 2, 2014 Author Share Posted December 2, 2014 Sprint Escalates Wireless Price War With Half-Off Bills Subscribers Can Pay Half of What They Are Paying to AT&T or Verizon if They Switch http://online.wsj.com/articles/sprint-escalates-wireless-price-war-with-half-off-bills-1417533378#livefyre-comment Link to comment Share on other sites More sharing options...
fareastwarriors Posted February 2, 2015 Author Share Posted February 2, 2015 RadioShack in Talks to Sell Half Its Stores to Sprint, Shutter the Rest http://www.bloomberg.com/news/articles/2015-02-02/radioshack-is-said-to-discuss-liquidation-as-part-of-sprint-deal Link to comment Share on other sites More sharing options...
krazeenyc Posted February 3, 2015 Share Posted February 3, 2015 Seems that this thread is a bit dead. I'm just going to ramble on a bit on Sprint and hope that maybe some other people chime in. I'd love to participate with Mr. Masayoshi Son who has huge aspirations and the new CEO Marcelo Claure who has a great entrepreneurial approach and track record -- but the task ahead of them seems so daunting. Verizon and AT&T have such better brands, networks, economies of scales, and so much more cashflow and are able to invest so much more into capex. But if Sprint can succeed, the rewards is huge here : (5x+ should be quite doable) Sprint has massive spectrum assets (that with new technology should be actually more valuable). I have a hard time understanding exactly how they finance getting from point A to point B here -- sell off some spectrum perhaps? I think they're opportunity is that AT&T and Verizon have public shareholders that are accustomers to getting fat dividends. If Bezos was running Verizon wireless, I would have 0 interest in Sprint (I would guess Masayoshi Son wouldn't have bought it either). It's not really about the current valuation as it stands, but the valuation relative to a successful turnaround. Some quick notes: Sprint seems to have finally caught on to something with the cut your bill in half promotion -- after burning through customers for a while they look like their finally turning the corner. Who in the world came up with the Framily plan? They had too many "sub-prime" customers with poor credit who they had to cut off and had customer lifespans of only 24 months on average. They are finally gaining "prime" customers, they expect to keep these customer for 60+ months on average each. So even with lower ARPU, the customer has a greater lifetime value to Sprint. They plan to introduce more phone leasing plans, and they are particularly well positioned to profit from this because of their close relationship with Brightstar (founded by Claure and owned by Softbank). It's easier for Sprint to gain new customers via clever promotions than it is to keep churn down, since their network and customer service is really not up to par yet. Sprint has had a really bloated cost structure and terrible management for quite some time -- it looks like that is changing. For example, they've been holding $5B in cash against their huge debt load, Claure has said they will hold only $1B in cash to save on those interest payments. SoftBank's financial backing has to help here. They are clearly targeting the growing Hispanic community, though I expect the other carriers to do the same. That's it for now.. any thoughts? Link to comment Share on other sites More sharing options...
Guest longinvestor Posted July 27, 2015 Share Posted July 27, 2015 Seems that this thread is a bit dead. I'm just going to ramble on a bit on Sprint and hope that maybe some other people chime in. I'd love to participate with Mr. Masayoshi Son who has huge aspirations and the new CEO Marcelo Claure who has a great entrepreneurial approach and track record -- but the task ahead of them seems so daunting. Verizon and AT&T have such better brands, networks, economies of scales, and so much more cashflow and are able to invest so much more into capex. But if Sprint can succeed, the rewards is huge here : (5x+ should be quite doable) Sprint has massive spectrum assets (that with new technology should be actually more valuable). I have a hard time understanding exactly how they finance getting from point A to point B here -- sell off some spectrum perhaps? I think they're opportunity is that AT&T and Verizon have public shareholders that are accustomers to getting fat dividends. If Bezos was running Verizon wireless, I would have 0 interest in Sprint (I would guess Masayoshi Son wouldn't have bought it either). It's not really about the current valuation as it stands, but the valuation relative to a successful turnaround. Some quick notes: Sprint seems to have finally caught on to something with the cut your bill in half promotion -- after burning through customers for a while they look like their finally turning the corner. Who in the world came up with the Framily plan? They had too many "sub-prime" customers with poor credit who they had to cut off and had customer lifespans of only 24 months on average. They are finally gaining "prime" customers, they expect to keep these customer for 60+ months on average each. So even with lower ARPU, the customer has a greater lifetime value to Sprint. They plan to introduce more phone leasing plans, and they are particularly well positioned to profit from this because of their close relationship with Brightstar (founded by Claure and owned by Softbank). It's easier for Sprint to gain new customers via clever promotions than it is to keep churn down, since their network and customer service is really not up to par yet. Sprint has had a really bloated cost structure and terrible management for quite some time -- it looks like that is changing. For example, they've been holding $5B in cash against their huge debt load, Claure has said they will hold only $1B in cash to save on those interest payments. SoftBank's financial backing has to help here. They are clearly targeting the growing Hispanic community, though I expect the other carriers to do the same. That's it for now.. any thoughts? Time to buy? Link to comment Share on other sites More sharing options...
muscleman Posted July 27, 2015 Share Posted July 27, 2015 Not sure why Sprint dropped 8% today. Didn't find any news. It looks like the market is very nervous about its Q2 ER on August 4th? Softbank seems to be trading in sync with Sprint recently. Link to comment Share on other sites More sharing options...
supertutti Posted July 27, 2015 Share Posted July 27, 2015 Cash burn is accelerating with the new NGN network plans, which CEO should discuss at earnings call. Analysts are dropping price targets left and right, but no one seems to be valuing the treasure trove of 2.5ghz bandwidth they own, said to be upwards of $80b worth. Link to comment Share on other sites More sharing options...
Guest Schwab711 Posted July 27, 2015 Share Posted July 27, 2015 Not sure why Sprint dropped 8% today. Didn't find any news. It looks like the market is very nervous about its Q2 ER on August 4th? Softbank seems to be trading in sync with Sprint recently. The Jeep that was "hacked" was run on their software. Supposedly they are going to lose all their automotive software contracts. Link to comment Share on other sites More sharing options...
supertutti Posted July 28, 2015 Share Posted July 28, 2015 They don't use sprint software, they use the sprint network to connect the cars. Its not a Sprint issue, millions of phones and computers run on there, its the underlying software developed by the car manufacturers that have security holes. Link to comment Share on other sites More sharing options...
muscleman Posted July 28, 2015 Share Posted July 28, 2015 Cash burn is accelerating with the new NGN network plans, which CEO should discuss at earnings call. Analysts are dropping price targets left and right, but no one seems to be valuing the treasure trove of 2.5ghz bandwidth they own, said to be upwards of $80b worth. We need to keep an eye on it. Hopefully it will not become the next SHLD. The supposedly valuable real estate assets didn't have a good impact on the stock price. :) Link to comment Share on other sites More sharing options...
Jurgis Posted July 28, 2015 Share Posted July 28, 2015 no one seems to be valuing the treasure trove of 2.5ghz bandwidth they own, said to be upwards of $80b worth. The bandwidth is only expensive if there are buyers. S / Tmobile / Dish? might be in the corner since Verizon / T can't/won't buy their bandwidth: it's pretty much like buying the company itself and it won't pass antitrust. Even S / Tmob combination is blocked. So who else is there to buy the bandwidth? If there is nobody, then the price is not really $80B... Furthermore if Softbank was that "somebody" who bought S for their customers and bandwidth, then again they won't sell. So you can argue that bandwidth is $80B, but if it's not monetizable, then it's not worth that... Disclosure: I own some SFTBY, but I am not sure if they did not paint themselves into a corner here... Edit: Altice to the rescue haha? Not that Masa will sell S or its bandwidth... Link to comment Share on other sites More sharing options...
supertutti Posted July 28, 2015 Share Posted July 28, 2015 no one seems to be valuing the treasure trove of 2.5ghz bandwidth they own, said to be upwards of $80b worth. The bandwidth is only expensive if there are buyers. S / Tmobile / Dish? might be in the corner since Verizon / T can't/won't buy their bandwidth: it's pretty much like buying the company itself and it won't pass antitrust. Even S / Tmob combination is blocked. So who else is there to buy the bandwidth? If there is nobody, then the price is not really $80B... Furthermore if Softbank was that "somebody" who bought S for their customers and bandwidth, then again they won't sell. So you can argue that bandwidth is $80B, but if it's not monetizable, then it's not worth that... Disclosure: I own some SFTBY, but I am not sure if they did not paint themselves into a corner here... Edit: Altice to the rescue haha? Not that Masa will sell S or its bandwidth... Got some info regarding spectrum value from this article: http://seekingalpha.com/article/3183056-sprint-is-worth-more-than-you-think The latest FCC AWS-3 auction, which provides companies the opportunity to bid for spectrum leases was the largest in history, raising $41.3 BB. Based on the valuation placed on spectrum in this most recent auction, Sprint's 2.5 GHz holdings may now be worth between $86 BB and $115 BB, far more than the $14 BB paid and $11.8 BB recorded. But I agree, there is more to Sprint than the spectrum. I do believe that it could pass antitrust now, as Sprint is spiraling down and burning cash. The wireless business profits are really based on economies of scale, and if Sprint keeps losing customers, they will continue to burn cash. So I think there could be some value here, and potential for a buyout in the future. Maybe someone from outside of the wireless industry, similar to att/directtv. Link to comment Share on other sites More sharing options...
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