Sprint to Relocate Cell Sites In Bid to Cut Costs
Sprint hopes moving its radio infrastructure away from privately held companies to government-owned land and/or structures will help shave $1 billion in costs, reports Re/code. Sprint leases cell tower access from Crown Castle and American Tower, and lease rates are a significant part of it operational costs. The government does not charge as much for leases. Sprint is looking at a company called Mobilitie, from which it might lease cell site access, as well. Sprint may begin the effort as soon as June or July. Sprint is also planning to cut backhaul costs. Sprint largely relies on fiber from competitors AT&T and Verizon, says Re/code, and pays each company about $1 billion per year to manage some of its wired network traffic. Sprint is considering a switch to microwave technology for its backhaul needs so it won't have to rely so much on its competitors. Last, the company is expected to announce significant layoffs on January 22. Sprint has spoken of headcount reductions for months, and said the cuts would come by the end of January. Sprint did not comment on Re/code's story.
Sprint's 'Magic Box' Is An In-Home Small Cell to Help Improve Coverage
Sprint today announced the Magic Box, a tool Sprint hopes consumers and businesses will use to help it densify its LTE network. The Magic Box is similar to a signal booster in that owners place it in a window.
Sprint to Digest $150 Million Charge On Layoff Costs
Sprint will be forced to take a $150 million charge to cover costs associated with laying off staff, according to a filing with the SEC. Sprint announced plans to cut an undisclosed number of staffers earlier this year.
Sprint Cuts 2,500 Jobs to Reign In Expenses
Sprint has trimmed some 2,500 employees at various job sites, said the company. The cuts were primarily made at its Kansas headquarters and six customer care centers.
Sprint to Cut Headcount and $2.5 Billion in Costs
Sprint is prepared to reduce expenses by as much as $2.5 billion over the next year, reports the Wall Street Journal, and is likely to cut jobs to help it reach that goal. An internal memo sent to staff by CFO Tarek Robbiati obtained by the Journal said the cuts "inevitably will result in job reductions." Sprint had about 31,000 employees as of March.
Sprint to Sell Certain Network Assets for $2.2 Billion
Sprint has agreed to sell select network assets to a company called Network LeaseCo and then lease back those assets for an unspecified sum. The move is meant to boost Sprint's cash position and will eventually add $2.2 billion to the company's coffers.
Soooo. It's not getting better?
The Prophets of Doom Are at It Again
Get a life people.
This is the end
This is a company that's putting itself on life support until a buyer comes along. They're going to do the least they have to do in order to say they're still providing service, but it's pretty obvious that, as a viable company, they're slowly winding down.