Sprint Expects Wireless Revenue Increase

Get the WebProNews Newsletter:

[ Business]

Sprint expects its wireless revenue to go up quite a bit while its local and long-distance services decrease.

Sprint is merging with Nextel in a $33.5 billion deal and the company says that $9.2 billion in cost savings will come from lower equipment spending and administrative cost cuts.

The merger will create the third-largest U.S. wireless carrier in terms of subscribers.

Sprint expects capital spending will reach $4 billion to $4.2 billion this year. Of that, about $2.7 billion to $2.9 billion will be invested in upgrading its wireless network, and another $900 million is planned to expand local DSL service.

Analysts surveyed by Thomson First Call currently see Sprint’s 2005 earnings at $1.38 per share on revenue totaling $28.26 billion.”

The predictions didn’t take into account the Sprint-Nextel merger or Sprint’s planned spinoff of its local business.

WebProNews | Breaking eBusiness News
Your source for investigative ebusiness reporting and breaking news.

Sprint Expects Wireless Revenue Increase
Comments Off
Top Rated White Papers and Resources

Comments are closed.

  • Join for Access to Our Exclusive Web Tools
  • Sidebar Top
  • Sidebar Middle
  • Sign Up For The Free Newsletter
  • Sidebar Bottom