Sprint: no 'kiss on the cheek' with T-Mobile again, but rather $6 billion into a better network

Sprint: no 'kiss on the cheek' with T-Mobile again, but rather $6 billion into a better network
After the failed merger talks with T-Mobile, the two smaller US carriers are now on their own, and have to significantly up their game in terms of coverage, if they want to compete with the investments of Verizon and AT&T. That is why Sprint revealed a $6 billion network expenditure plan for 2018 that may double what it spent this year on improving coverage. Sprint is about to build thousands of new towers, said CFO Tarek Robbiati during an investor conference.

While the tower rollout will be focused on areas where rapid population growth has exceeded Sprint's coverage, there will be focus on new technologies that limit congestion, too, like MIMO, and band support upgrades for its towers. There is no other solution left for Sprint going forward but to become bigger and better on its own, as the CFO nipped rumors that merger talks with T-Mobile may resurface in the bud. 

"We were dancing. It was really exciting. We exchanged a kiss on the cheek. And then our parents saw that and sent us back to our rooms," he joked before revealing that it was Sprint's parent company SoftBank that killed the deal, and more specifically its chairman Masayoshi Son, who was worried about regulatory obstacles, and giving away too much control in Sprint to the eventual new venture after the merger.

source: RCRWireless

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8 Comments

1. Mreveryphone

Posts: 1817; Member since: Apr 22, 2014

Sprint has 6 Billion???

2. DnB925Art

Posts: 1167; Member since: May 23, 2013

SOFTBANK does actually

3. starjammer

Posts: 16; Member since: Jan 08, 2009

Woohoo. I have sprint which is great where I live so this is great news for when I go see family once a year.

4. mike2959

Posts: 694; Member since: Oct 08, 2011

New towers are rare. Very rare. Rural markets no problem. But anyone see a new tower going recently in New York? Detroit? Miami?...these carriers don’t build towers anyways. Private companies do. Then lease the space.

5. applesnapple93

Posts: 302; Member since: Jan 06, 2016

Was on a Tier 2 Tech support call with Verizon providing network issues in a location. Just in conversation he explained the process of getting a tower approved then actually building it. He said it averages 18 months - 2 years.

6. BuffaloSouce unregistered

I swear sprint has been talking about beefing up its network for the last decade

7. jaychildz

Posts: 144; Member since: May 31, 2013

Dude I work there, you should hear the calls!

8. ZeroCide

Posts: 810; Member since: Jan 09, 2013

Sprint needs to take those 6 Billion and switchover to GSM as well as upgrade the towers. They need to dump the CDMA crap that they have been using. This will open the doors to better more compatible phones.

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