Friday, April 26, 2013

Sprint CFO says SoftBank deal won’t affect Network Vision deployment




Over the last year Sprint has been focused with their Network Vision rollout, which repurposes older iDEN frequency for 3G CDMA on 800Mhz, and allows them to deploy 4G LTE on their 1900Mhz frequency. In their first quarter earning conference CEO Dan Hesse said they haven’t “taken our eye off of operations” and "Irrespective of the two deals, we are running our business as if none of the deals are going to close and we have to remain a sustainable, standalone entity.” Some analysts worry that these potential deals could drain management's time and energy taking Sprint’s focus away from improving their wireless network. As of now Sprint will shut down their iDEN network on June 30th and have already launched 12,500 upgraded Network Vision towers, up from 8,000 that they reported on Feb. 7th. Sprint plans to cover over 200 million POPs with 4G LTE by the end of 2013, slightly down from their initial goal of 250 million.