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Sprint Seeking More Cash

Article Comments  12  

Dec 9, 2013, 9:13 AM   by Eric M. Zeman   @phonescooper

Sprint today announced that it plans to sell notes in a bid to raise more cash. According to Sprint, any proceeds derived from the sale of notes will be put toward network expansion and modernization efforts, its pension program, and other general corporate purposes. Sprint didn't say when it will sell the notes, nor how much it is looking to raise. SoftBank recently paid Sprint more than $20 billion for a large equity stake in the company. Sprint recently launched Sprint Spark, an effort to speed up its LTE network, and continues to deploy LTE around the country.

more info at Sprint »

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Comments

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This forum is closed.

Jayshmay

Dec 9, 2013, 12:09 PM

20 billion from Softbank. . .not enough?

$20bln is a real lot of money! Sprint oughta be able to accomplish a lot with that! Look at how fast T-Mobile deployed LTE with the $4bln it got from ATT!
isn't cheap ya know.
...
Something is not right at Sprint. I'm glad I left this incompetent company. I hope T-Mobile comes from behind and bites them in the a$$.
...
Holy Crap. Fiat currency is nuts.
Its the deal with Apple to sell the iPhone, its costing them big. This is what happens when you make a deal with the devil.
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Yes 22 billion was invested in the merger with Sprint. However only 8 billion available for network expansion. For Softbank to get the 77% majority share they had to buyout the share holders. Sprint is currently in our area getting LTE up. I have it a...
(continues)
Jellz

Dec 9, 2013, 10:25 AM

Hey, I'm seeking more cash too!

Anyone wanna buy pieces of paper from me with personal, heartfelt notes on them?
Awww... I'll give you a dime for each one if they're really really good. "heartfelt" notes. Very Happy
AdHominems

Dec 9, 2013, 9:33 AM

"its pension program, and other general corporate purposes"

I'll check my paycheck next week to see if they gave me a pension
 
 
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