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SoftBank CEO: Sprint Turnaround Could Take Two Years
by Karl Bode 04:11PM Thursday Oct 03 2013
While some analysts are already rather bubbly about Sprint's fortunes, the sad reality is the company's LTE speeds and coverage are lagging noticeably behind the other big three carriers. Despite being acquired by Japanese carrier SoftBank, Sprint's stock value has dropped 14% since early August. SoftBank CEO Masayoshi Son is begging investors for patience. "At the very least you need half a year or a year," said Son of an effective Sprint turnaround. "And for anything substantial you need one or two years."

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Sprint slow

@comcast.net

1 recommendation

The usual Sprint delays

Sprint never does anything quickly. That is why they are always trailing AT&T and Verizon and soon to trail TMO.

skeechan
Ai Otsukaholic
Premium
join:2012-01-26
AA169|170
kudos:2
Reviews:
·Clear Wireless
·Cox HSI
·Verizon FiOS

Sprint is looking up...it finally has a future

I see better speeds from Sprint in my area of SoCal than either Verizon or AT&T and with unlimited for life and TD coming (a few years down the road), things are looking good for Sprint. They are certainly behind now, but with Clear's spectrum and Softbank's money, there is an excellent path forward.
--
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Network Guy
Premium
join:2000-08-25
New York
kudos:3

Re: Sprint is looking up...it finally has a future

Currently at $6.29/share, I wouldn't mind picking up some Sprint stock.

Why not.. It's almost down to penny stocks. LOL
en103

join:2011-05-02
Reviews:
·Time Warner Cable
What kind of speeds are you getting on Sprint ?
Here in SoCal, the lowest I hit on AT&T is typically around 25Mbps down. The best I've hit is 69Mbps down, while typically its around upper 30's to mid 40's.

My coworkers in NorCal have issues with Sprint in Palo Alto area - dropped calls are often.

skeechan
Ai Otsukaholic
Premium
join:2012-01-26
AA169|170
kudos:2

Re: Sprint is looking up...it finally has a future

20-22Mb with Sprint. With my AT&T iP5, I have never gotten more than 12 and usually 6-8. VZW LTE (MiFi) I get around 10Mbps.
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ilikeme
I live in a van down by the river.
Premium
join:2002-08-27
Sugar Land, TX
kudos:1
Around here its the complete opposite. At&t is usually around 20-60Mbps, Verizon is 10-40, and Sprint is usually less than 5, often less than 2, and that is where Sprint actually has coverage, which is rather lacking around here.
TBBroadband

join:2012-10-26
Fremont, OH
Unlimited as long as you never change your plan when it changes is the key part. VZW did the same thing years ago and it was only everything unlimited for a few weeks for $69. They're still stuck with people on that plan due to they refuse to upgrade and pay full prices for phones.

Sprint will change as well as Softbank needs to make that $$$ they're spending left and right.

88615298
Premium
join:2004-07-28
West Tenness

1 recommendation

Investors today are too impatient.

In the old days you invested for the long term. You worried about the stocks value in 30 years now in 3 months if the stock hasn't tripled is price they want to fire the CEO. I firmly believe the desire to make quick profits now instead of over the long term is actually hurting companies.
openbox9
Premium
join:2004-01-26
Germany
kudos:2

Re: Investors today are too impatient.

Money doesn't need to triple every three months, nor does anyone realistically expect it too. What investors do expect, is a viable and executable strategic plan to increase value. Investors absolutely worry about value in 30 years.

88615298
Premium
join:2004-07-28
West Tenness

Re: Investors today are too impatient.

said by openbox9:

Money doesn't need to triple every three months, nor does anyone realistically expect it too. What investors do expect, is a viable and executable strategic plan to increase value. Investors absolutely worry about value in 30 years.

Really then why did Verizon investors basically force Verizon to stop FiOS expansion? Because if they hadn't they have at least twice as many customers and in 20 years they be making a ton more money off of it. Short term investors wanted profits NOW and that is a fact. Which in the end is actually going to cost Verizon profits in the future.
TBBroadband

join:2012-10-26
Fremont, OH

Re: Investors today are too impatient.

Not really. VZ makes their money on the wireless company not in the landline. if VZ can get away with spinning off all of their regulated business and only keeping FiOS and VZW and moving to the VZ brand completely they would in fact do it. And I'm sure they're probably already exploring that idea as it would make prefect sense for them long term.
openbox9
Premium
join:2004-01-26
Germany
kudos:2
Investors didn't force VZ to stop investment in FiOS.
said by 88615298:

Short term investors wanted profits NOW and that is a fact.

Who doesn't want to profit now? That's not the point though. Companies invest for the future. Investors want companies to invest for the future, regardless of what people suggest. At the same time, investors want to understand the plan for the future and have a voice (after all, they're owners and have a right). If future prospects aren't clear, or they aren't profitable (enough), then that is when concern will be raised. Investors want to be paid now and in the future for placing their capital at risk. I don't see the problem with that.
TBBroadband

join:2012-10-26
Fremont, OH
And with stock dropping as fast as it should and nothing really to show for it after the take over investors should be worried what is next.
openbox9
Premium
join:2004-01-26
Germany
kudos:2

1 recommendation

Re: Investors today are too impatient.

The pps decreased after the takeover announcement because of dilution and the addition of debt. It's been dropping recently with the rest of the market because our Congress is bickering like spoiled, stubborn children.

HarleyYac
Lee
Premium
join:2001-10-13
Allendale, NJ
kudos:2

NNJ

is getting MUCH MUCH better!
i2Fuzzy

join:2009-02-25
Fort Worth, TX

I'm assuming they mean financial turnaround

not the network turnaround. I wouldn't mind if it dropped by another buck or so that way I can buy some shares before it (hopefully) takes off again.
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Ali
Check Point Certified Security Expert
openbox9
Premium
join:2004-01-26
Germany
kudos:2

Re: I'm assuming they mean financial turnaround

Should've bought before Softbank signaled plans to throw money at the problem. Buy the rumor, sell the news

88615298
Premium
join:2004-07-28
West Tenness
said by i2Fuzzy:

not the network turnaround.

Aren't they kind of tied together? If the network doesn't improve Sprint is not going to keep customers or gain new ones and then there won't be a financial turnaround.
TBBroadband

join:2012-10-26
Fremont, OH

Re: I'm assuming they mean financial turnaround

Yes it is, but as a whole, the network really hasn't improved yet. Even with Network Vision some areas are worse than what they were before they started changing crap.

linicx
Caveat Emptor
Premium
join:2002-12-03
United State
Reviews:
·DIRECTV
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·CenturyLink

I remember ...

A couple of years ago they were screaming AT&T lagged far behind Sprint in 4G coverage, and how AT&T was touting a boosted 3G as 4G. But, at that time Sprint was in small town rural America beefing up coverage. Sprint does not have, nor will it ever have. the coverage area of AT&T. And although I wish it would come into ultra small rural areas, it is very doubtful that it will happen.

The biggest problem with rural America is it is isolated away from the rest of the country.
--
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Jon Geb
Wal-Mart Sucks

join:2001-01-09
Howell, MI

Re: I remember ...

Sprint likes to deploy small towns first, much easier to color a map with low density and low traffic backhaul sites.

toby
Troy Mcclure

join:2001-11-13
Portland, OR

Re: I remember ...

said by Jon Geb:

Sprint likes to deploy small towns first, much easier to color a map with low density and low traffic backhaul sites.

There are only so many technicians available.

Smaller towns have less towers, which require less people.

Not rocket science.
nonymous
Premium
join:2003-09-08
Glendale, AZ
said by Jon Geb:

Sprint likes to deploy small towns first, much easier to color a map with low density and low traffic backhaul sites.

Sprint backbaul will have a minimum of fiber or fiber like or microwave on all sites. There will be some exceptions where neither is available.
TBBroadband

join:2012-10-26
Fremont, OH

Re: I remember ...

they have MSOs for this.

88615298
Premium
join:2004-07-28
West Tenness
said by Jon Geb:

Sprint likes to deploy small towns first, much easier to color a map with low density and low traffic backhaul sites.

Really could have fooled me. heck just in the last few months they bothered to offer 3G service here.

SlowFITL

join:2012-02-01
Mobile, AL

Too late for "Sprint"

The Sprint name has far too much negative perception involved with it. SoftBank would be wise to ditch the name once the turnaround gets going.
TBBroadband

join:2012-10-26
Fremont, OH

Re: Too late for "Sprint"

They'd be smart to ditch it now. And then get rid of their management instead of keeping them on longer.

JE
JE 's BACK BABY
Premium
join:2000-12-15
Charlotte, NC

Sprint 4G/LTE Speeds in Charlotte NC.

Click for full size
This is in Ballantyne while @ work. I don't have great service or coverage @ home, which is not too far away, so I have to wait until I'm at work to use the Sprint towers:

I guess this is the best Sprint can do..they suck in Charlotte!

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RokHed

join:2000-09-09
Pennsville, NJ

Re: Sprint 4G/LTE Speeds in Charlotte NC.

That looks like Wimax to me.
bshelly
Premium
join:2002-02-17
Conover, NC
No offense, but do you really need more than that at this time? Sprint is deploying a single 5x5 carrier in the PCS G block at this time. Once Tri-Band devices come out and LTE is deployed on 2600Mhz and 800Mhz, things will balance out and speeds will be more to everyone's liking. Deployment is already underway in Charlotte and other cities. I'm happy getting 2Mb/s down and 1Mb/s up on a mobile device. Verizon's 4G LTE is about the same on the downstream side of things. Upload is faster, generally.
tmc8080

join:2004-04-24
Brooklyn, NY

longer

try 4+, and that's if the fired all the top management YESTERDAY!

Smorr

@rr.com

Sprint should have went with the DISH deal

I like Sprint I really do but.... I live in Chicago. My speeds are from 1-6 MB Down, and 1-2 Up. On average 2mb down. That's ridiculous. I'm actually switching to Verizon this month, and getting the Galaxy Note 3. Why? Because I live in Chicago, but my girlfriend lives in Milwaukee. There's no LTE there, for miles. I don't get LTE, until Northbrook, IL coming back home. And 3g in Milwaukee sucks. I literally tried downloading a Groupon voucher, and took me 20 minutes.

Sprint trying to keep customers with unlimited data, but whats the point if 3g/4g sucks. They need more markets. The Dish deal would have given it to them. With their network, iden spectrum, Clear spectrum, and the newly purchased communications/cellular satellites (in space) the Dish owner bought, next year Sprint would have been a powerhouse. Plus with the added bonus if they had offered dish services via smartphone for premium TV watching at a good price, or switch Sprint TV to Dish mobile, and included it like now, and with unlimited data. Sprint would have own the market, and be the top in market share.

Sprint also needs new/better phones. But to spend $30 billion on bringing Iphone to Sprint to attract new customers was stupid, and money could have been better used for new LTE markets. But Sprint continuing using the Bandaid method and only see now. Verizon battling AT&T GSM, when they should be fighting Sprint CDMA. Only why Verizon, and AT&T don't offer unlimited data because they both own the markets in their cellular ground. Verizon-CDMA and AT&T-GSM with no real contenders.

Sprint, what a shame. Its like the little engine that can, but don't.