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S.N

ISIN: US8520611000
SEDOL: 2922447

Rating:

BUY

Target Price:

4.43 USD

Investment Horizon:

6 to 12 months
19th Nov 2009 View Report   Download

3Q 09 Update Report

In 3Q 09 Sprint depicted a moderate improvement in prepaid and postpaid gross additions reflecting new competitive innovative plans launched during the quarter and a widening mobile device portfolio. However, despite continues improvement in customer service standards, churn rate has not shown any significant improvement and the increasing Cost of Acquisition (CoA) and subsidy expenses are proving fatal for already…

4th Aug 2009 View Report   Download

2Q 09 Earnings Update

As discussed in our initiation report we believe that ‘Boost-unlimited’ and effective new innovative handset launches are the two main fulcrums on which Sprint's turnaround depends. In addition, better-than-expected 2Q 09 performance from the Boost and Palm-pre launch has resulted in our raising our FY 2009 and FY 2010 Wireless revenue estimates. Moreover, we believe that success of Boost will also help Sprint to leverage its underutilised iDEN capabilities....

18th Jun 2009 View Report   Download

Initiation Report

Although Sprint has been facing operational issues since it acquired Nextel, Management's efforts towards retaining subscribers, reducing churn, rationalizing costs and launching innovative devices along with delivering quality services should help the company regain lost ground. Despite the challenges inherent in the turnaround, steps towards brand repositioning are commendable, indicating a potential re-vamp in the near future....