5.53 +0.04 (0.73%)
Pre-market: 8:48AM EST
|Bid||5.53 x 1300|
|Ask||5.55 x 24600|
|Day's range||5.43 - 5.63|
|52-week range||5.42 - 9.65|
|PE ratio (TTM)||N/A|
|Earnings date||29 Jan 2018 - 2 Feb 2018|
|Forward dividend & yield||0.00 (0.00%)|
|1y target est||7.28|
Sprint Corp. on Thursday said it's reached a new multi-year business partnership with Cox Communications, as part of a settlement of patent litigation, designed to strengthen both companies. Shares of ...
OVERLAND PARK, Kan., and ATLANTA, Jan. 18, 2018 /PRNewswire/ -- Sprint (NYSE:S) and Cox Communications today announced a new multi-year business agreement designed to strengthen each company. The agreement, reached as part of a settlement of patent litigation between the parties, will allow Sprint to leverage Cox's broadband infrastructure to accelerate the densification of the Sprint network while simultaneously increasing efficiency of its macro backhaul and small cell deployment. "This is another opportunity to work with a strategic partner to accelerate our densification plans to improve our network performance and experience for Sprint customers throughout Cox's national territory," said Sprint's Chief Technology Officer John Saw.
Lately, 5G (fifth-generation) technology is generating some buzz in the media and telecommunications industry. The 5G network has the potential to significantly reduce latency, boost download and upload speeds, and improve network reliability. According to research by Statista, 5G wireless subscriptions are projected to reach 545 million by 2022.
Now let’s take a look at Verizon’s (VZ) customer retention metric, or its churn rate. Wall Street analysts anticipate Verizon’s postpaid phone churn rate to rise in 4Q17 mainly due to growing competition in the postpaid market and strong promotional offers from competitors. Earlier in 3Q17, Verizon reported a postpaid phone churn rate of 0.75%, the tenth consecutive quarter in which it had a postpaid phone churn rate of less than 0.90%.
Previously in this series, we learned about AT&T’s (T) anticipated prepaid customer net additions in 4Q17. In this part, we’ll take a look at AT&T’s churn rate in its combined domestic wireless operations. Wall Street analysts expect AT&T’s postpaid phone churn rate to increase significantly due to growing competition in the postpaid space bringing strong promotional offers from competitors.
Previously, we discussed expectations for AT&T’s (T) postpaid phone customer additions in 4Q17. Wall Street analysts expect AT&T to see 400,000 prepaid customer net additions in 4Q17 due to intense competition in the prepaid market. In 3Q17, AT&T gained a total of 324,000 prepaid subscribers, compared with 304,000 in 3Q16, with strength coming from the Cricket and AT&T Prepaid brands.