, , , ,

Sprint’s Stocks Fall While AT&T Justifies Their Actions

Monday morning, AT&T held a webcast where they outlined their plans regarding the acquisition of T-Mobile. While AT&T and T-Mobile were having their webcast, Sprint was watching their stocks fall.

Sprint being the third largest wireless carrier has quite a bit to lose if this AT&T/T-Mobile merger does happen. Sprint will easily fall to last place since T-Mobile won’t be around anymore, and will also be far behind their rivals, Verizon and AT&T. This doesn’t even include the burden of Clearwire, who is on the brink of collapse without the potential sale to T-Mobile.

The AT&T/T-Mobile news is having some major effects already, and the deal hasn’t even been finalized yet. Sprint has been the hit the worst so far by their stocks falling more than 13% by the time the market closed. They are now trading at $4.36.

Source:

Into Mobile

2 Comments

Leave a Reply
  1. Sprint, like T-Mobile and Clearwire, will never be able to compete in the 4G market. It costs too much for the new equipment and tower leases. All of the small carriers will die off or be procured by Verizon or AT&T. Even AT&T is a bit behind- AT&T only has 53 4G towers nationwide. They legally say they are the largest network because they still count 2G and 1X coverage, even though there is no data on those parts of the network. 80% of AT&T’s network doesn’t support data. 4G is what we need to have now. Only 53 towers on AT&T and over 350 towers on Verizon. It’s already started with corporations, and will trickle down to the consumers. Verizon is so far ahead that even if AT&T buys up ALL of the remaining carriers, Verizon will still be FOUR times larger, and in four times as many markets. The little guys are dropping fast. Bad for consumers, but easier to decide that everyone’s stock is going to be in Verizon & AT&T.

  2. Sprint has a lot of issues affecting its value, if during the momentum from the original Evo 4G roll-out they truly built a national 4G network their customer base would have recognized the data speed…inventory issues such as forcing Sprint stores to carry discontinued items such as the HTC Evo View raises store inventory costs, takes up valuable retail space & causes aggravation when the only way to purchase one through Sprint is through the Wirefly authorized dealer network with no customer loyalty discount & a larger data plan. Customer service suggests things like “contact the national sales manager or district manager” but don’t have names or contact info. And some of Sprints stellar 2010-2011 was Evo based–the HTC One & Evo 4G LTE are so similar most consumers wouldn’t recognize the difference–unless one is working in a national LTE environment & the other is trudging along at the default 3G speed except in “select” cities.

Leave a Reply

Your email address will not be published.