All Eyes on Subscriber Numbers as Sprint Reports Earnings
Sprint will become the last of the four national wireless carriers to report Q1 results Tuesday. T-Mobile, which wants to buy Sprint, reported April 25 (see 1904250065). A likely focus is on subscriber losses, with analysts projecting net post-paid phone…
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losses of 50,000, industry lawyers said. The Wall Street Journal reported Monday that Sprint told regulators a deal offering potential subscribers free cellphone lines made the carrier look healthier than it really is. Sprint didn’t comment. T-Mobile and Sprint reported on a meeting with the FCC transaction team reviewing the deal, to discuss T-Mobile’s in-home broadband service. By 2024, the new T-Mobile will “offer an attractively priced high-speed broadband option to millions of households with no access to or choice of broadband service today addressing a critical need,” said a filing posted Monday in docket 18-197. The representatives said the New T-Mobile network "will enable the merged company to offer in-home service in geographic areas where the network has capacity beyond that required to support mobile wireless customers.” Among those representing the companies was economist and ex-Commissioner Harold Furchtgott-Roth. New Street’s Blair Levin wrote investors Monday that nothing in recent FCC filings by T-Mobile and Sprint and opponents of the deal discuss conditions, which is likely a negative. “The discussion by the companies with the Chairman’s staff was on 5G deployments and in-home broadband competition,” Levin wrote: “Neither of these issues is likely to be relevant to the DOJ’s determination but both are arguably relevant to the FCC ‘public interest’ determination.”