Sprint ends leasing option for Android phones?17
Sprint has been inconsistent with its announcements. In January, the nation's fourth largest carrier did away with two-year contracts and started offering a leasing option. One month later, the contracts were back. CEO Marcelo Claure had previously noted that the by the end of this year, Sprint would be offering its customers device-leasing exclusively; that appears to be out.
A Sprint spokesman refused to confirm whether it has in fact ended leasing of Android phones. In an email, a spokesman promoted the carrier's equipment installment plans. "Sprint offers $0 down (for qualified customers), interest free option on our installment billing product which is on all handsets. We work to ensure that our customers have as many options as possible to pay for their device in the most affordable way."
Thanks to a deal with Sprint's parent SoftBank, the latter had created a handset leasing company that provided the wireless operator with $1.1 billion in cash. This was done to allow Sprint to keep the financing of the leased handsets off of Sprint's balance sheet.