Most wireless carriers already lease, not own, the towers the hang their equipment on.
The difference is that Sprint was the first company to build out a nationwide PCS network and back then it decided to build its own tower network because leasing wasn't always an option where it needed towers.
There is actually a Sprint subsidiary that leases out space on Sprint towers to other interested parties.
So, this is more about shedding a business that is not a core competency so that it can better focus on its core business than it is about getting rid of assets to raise cash...although cash from the sale is a welcome benefit.
Sprint has always been very good as an engineering company...always first to market with new technology and always very good at making that new technology work. PCS, 1x, EVDO, REV A, ION, Sprint Wireless Broadband, and now WiMax...Sprint is on the cutting edge and should really get a lot more credit for getting things right than it does.
Sprint's downfall has been poor management on the business end. A management team that ran the company by looking at spreadsheets, putting customer service last, a poorly executed merger with Nextel, allowing credit challenged customers to become a sizable chunk of its customer base...the list goes on.
But that doesn't change the fact that Sprint's core network is one of the best, if not the best.
The new CEO and management are making a lot of right moves. Simplifying rate plans so they generate fewer calls to customer service, placing emphasis on customer service, expanding service options and handsets that customers actually want.
negative customer perception is a tough boat to turn around...any fool could tell you that.
I sincerely hope that Dan Hesse and company can do it for Sprint before it's too late. A marketplace without Sprint is certainly going to be bad for consumers...with only ATT, VZ and TMO left as major nationwide carriers.
a good share of the towers that Sprint owns now are from Nextel as they built a lot of their own towers back when they were expanding. At least in this area. But where they put the towers it didnt make sense especially when one of them is in the middle of a woods about 20 miles from the nearest "city"
|reply to kapil |
This website is devoted to technology and Sprint has always had the best internet connectivity and phones on the market. It almost seems like people here are rooting for them to fail, which makes little sence. ATT and Verizons mobile internet is crap compared to Sprint.
Been with Sprint for 7 years and currently am in the upper peninsula of Michigan typing this message in the middle of nowhere.