Optus announces plans for 5G home broadband with NBN speeds. Unlimited data and 50Mbps guaranteed – iCrowdNewswire


 

With the NBN rollout expected to reach completion some time in 2020, Optus has announced it’s already planning an alternative high-speed internet option that uses its soon-to-be-available 5G technology.

The Australian telco has revealed it will be launching 5G Home Broadband in certain suburbs in Australia and has set a way for users to register their interest.

Although customers can already sign up for more info, the bulk of the 5G devices aren’t scheduled for delivery until mid-2019, however Optus also states that “a limited number of customers may get a device sooner”.

Plan details

So far, there is only one plan on offer, which will cost $70 per month on a 24-month contract and provide unlimited data at a minimum guaranteed speed of 50Mbps. If customers aren’t able to achieve this minimum speed, they can cancel the contract without any extra fees.





Source link

Sprint Corporation (S) Q3 2018 Earnings Conference Call Transcript — The Motley Fool


Logo of jester cap with thought bubble.

Image source: The Motley Fool.

Sprint Corporation  (NYSE:S)
Q3 2018 Earnings Conference Call
Jan. 31, 2019, 9:30 a.m. ET

Contents:

  • Prepared Remarks
  • Questions and Answers
  • Call Participants

Prepared Remarks:

Operator

Good morning, and thank you for standing by. Welcome to the Sprint Fiscal Third Quarter 2018 Conference Call. During today’s conference call, all participants will be in a listen-only mode. Following the opening remarks, the conference will be opened for questions.

I would now like to turn the conference over to Mr. Jud Henry, Vice President of Investor Relations. Please go ahead, sir.

Jud HenryVice President of Investor Relations

Good morning, and welcome to Sprint’s third quarter of fiscal 2018 conference call. Joining me on the call today are Sprint’s President and CEO, Michel Combes; our CFO, Andrew Davies; and our CTO, Dr. John Saw. Before we get under way, let me remind you that our release, quarterly investor update and presentation slides that accompany this call are all available on the Sprint Investor Relations website at www.sprint.com/investors.

Slide 2 is our cautionary statement. I want to point out that in our remarks this morning, we will be discussing forward-looking information which involves a number of risks and uncertainties that may cause actual results to differ materially from our forward-looking statements. We provide a comprehensive list of risk factors in our SEC filings, which I encourage you to review.

Throughout our call, we will refer to several non-GAAP metrics as shown on Slide 3. Reconciliations of our non-GAAP measures to the appropriate GAAP measures for the quarter can be found on our Investor Relations website. Lastly, like last quarter, we have included reconciliations and qualitative disclosures in the tables that accompany our release and investor update to provide additional clarity regarding the adoption of the new revenue recognition standard on our quarterly results.

For the remainder of this call, we will discuss results excluding the impact of this accounting change to provide clear comparability with prior periods unless otherwise noted.

I will now turn the call over to Michel to provide an update on our results.

Michel CombesChief Executive Officer and President

Thank you, Jud, and good morning, everyone. Our fiscal third quarter results on Slide 4 demonstrate our focus on executing our strategy as we work toward government’s approval of our merger with T-Mobile. First, we delivered year-over-year growth in wireless service revenue for the second consecutive quarter. We generated the highest adjusted EBITDA for third quarter in 12 years as we continue to execute on our cost reduction initiatives.

Meanwhile, we delivered operating income for the 12th consecutive quarter. We delivered postpaid net additions for the sixth consecutive quarter. We continued our digital transformation increasing our digital sales and the implementation of artificial intelligence. In addition, we doubled our network CapEx year-over-year and our network continued to improve as we have more LTE coverage and faster download speeds year-over-year.

Turning to Slide 5, we continue to make good progress in our Next-Gen Network deployments to provide customers a network built for unlimited. As I have said previously, we remain full steam ahead on our Next-Gen Network deployments during the merger review process as shown by the doubling of our capital spending year-over-year in the quarter.

First, we upgraded thousands of our existing macro sites to add LTE on 800 MHz, 1.9 GHz, and 2.5 GHz to sites that lacked those bands previously, as we work to deploy all three of our spectrum bands to provide improved coverage and capacity across our footprint. We now have 2.5 GHz deployed on roughly 75% of our macro sites compared to about 50% a year ago. In addition, we have added 800 MHz to thousands of sites, primarily in the Southwest markets as we completed additional rebanding, which will provide additional coverage for our customers.

In addition, we have deployed thousands of outdoor small cells in the quarter and now have 27,000 small cells on air, compared to only 3,000 at this time last year. This ramp in small cells includes more than doubling the number of mini macro sites on air year-over-year and a very successful roll-out of strand mounts, which are delivering significant improvement in coverage, capacity and time on LTE to improve the customer experience in specific locations.

We also continued our small cell innovation with the recently announced Sprint TREBL Magic Box, the world’s first smart home small cell solution, providing enhanced LTE coverage, integrated Alexa voice assistance and exceptional Harman Kardon sound quality. Sprint TREBL Magic Box continues a winning streak for the Company’s all-wireless Magic Box portfolio with the prestigious CES Innovation Award for 2019 in the Smart Home product category.

As a pioneer in unlimited data plans, it is important that we deliver a network that stays ahead of the demand curve. We’ve done in traffic growing more than 50% in the last two years. We are proud to have met this demand by adding more capacity and speed to our network resulting in national average download speeds up 93% over the past two years as seen in Ookla Speedtest Intelligence data for the end of December. We were also recognized for fastest download speeds in major markets such as Manhattan where many of you are likely joining from today, as well as Los Angeles, Boston, Seattle and Denver according to RootMetrics work testing for the second half of 2018. That indoor and outdoor testing was conducted during peak usage hours, during the day in the business areas of the cities to see how well carriers perform. While expanding our 2.5 GHz footprint is delivering positive results, we have recently rolled out what most carriers call LTE Advanced of 5GE as AT&T wrongly calls it, which will further enhance the customer experience. More and more Sprint customers with typical devices are benefiting from faster data speed than before as we utilize some of the most advanced technologies in wireless, such as high performance user equipment, 256 QAM, 4.4 MIMO, multiple carrier aggregations and more.

Our Massive MIMO deployments continues to build momentum, delivering significant improvements in LTE performance and providing the building blocks for our mobile 5G launch in the coming months. We now have hundreds of Massive MIMO sites commercially on air in a few markets where we are seeing very promising results, including a 4 times average increase in capacity and speed with big increases up to 10 times over traditional LTE. In the world, first independent benchmark study on Massive MIMO, Signals Research Group recently sounds benefits of our Dallas area 64T64R commercial deployments, and I quote real and meaningful generating significant increases in downlink and uplink for output.

Also, as you may recall, Atlanta is one of our Massive MIMO markets preparing for 5G launch in the coming months. That means fans in town for the Big Game will see exceptional network performance in the highest traffic locations whether they are inside or outside the stadium to nearby museum or hotel or traveling around the city to one of the many special events planned this weekend. We are also preparing to launch our mobile 5G network in the first half of 2019, our Massive MIMO radios are software upgradable to 5g NR as you know allowing us to fully utilize our spectrum for both LTE and 5G simultaneously, while we enhance capacity even further with 5G and begin to ship out new 5G use cases.

We celebrated an important milestone earlier this month on our path toward launching mobile 5G service, in the first half of this year when we completed the world’s first first over-the-air 5G data transmission using 2.5 GHz and Massive MIMO on Sprint’s live commercial network. We have also announced free 5G devices, including smartphones from both LG and Samsung, as well as the feature-rich mobile hotspot from HTC.

The other carriers are not standing still, but our significant work investments, spectrum resources and cutting-edge technologies will help us continue to improve our network and we expect to deliver a robust 5G experience in major metro areas. Nevertheless, we are hopeful to complete our merger with T-Mobile, which is the only path to deliverance of breadth and depth of spectrum, which will allow us to provide a truly consistent national wide 5G experience to Americans. As a stand-alone company, we lack the scale to keep pace with the bigger carriers, AT&T and Verizon, in sustained capital investments. And without additional low-band spectrum, we will face challenges to provide customers with coverage comparable to that of the big two carriers.

Turning to Slide 6, we continue our unlimited for all approach to deliver retail net additions for the sixth consecutive quarter. Our postpaid net additions were 309,000 in the third quarter, improving 53,000 year-over-year. This is a result of executing our strategy to grow our relationship with customers for data devices such as tablets, watches and the successful launch of our Sprint Drive connected car product, which was partially offset by slight losses in phones.

Postpaid gross adds were up slightly year-over-year as we increased sales of data devices. Postpaid phone gross adds were down year-over-year as Sprint was less promotional in our service plans compared to a year ago. Competitor offers were more aggressive, particularly the return of device offers from AT&T and Verizon as well as some impact on sales from the merger. Postpaid churn was up year-over-year, as we had foreshadowed last quarter as customers rolling off introductory promotions have been the primary driver of the year-over-year increase in churn this year.

We recently launched the My Sprint Rewards App to put discounts on the products and services customers love right to their fingerprints as our way of saying thanks for choosing Sprint. We believe that the investments we are making in our network and customer experience will improve churn and help to lessen the perception gap that impact gross adds today, but it takes time to shift perception.

As we’re embarking on a multi-year capital program on our Next-Gen Network to improve LTE and prepare for 5G, it’s important for Sprint to be able to deliver service revenue growth over time. In addition to selling additional data services to customers, we’re also executing our strategy to grow revenue from smartphones by providing customers the option to upgrade to our feature-rich unlimited plus and unlimited premium plans.

We have seen a more than 20% lift in postpaid phone monthly recurring charges on new account gross adds coming to Sprint compared to last year. At the same time, we’re also focusing on selling value-added services such as Sprint Complete, our industry-leading equipment protection plan, and our innovative Safe & Found service.

The ARPU stabilization from both base customers and new gross adds has helped to deliver year-over-year growth in wireless service revenue for the past two quarters. Optimizing the balance of gross adds, churn and the ARPU, is expected to deliver a better financial outcome over the long term. We have stabilized our total number of postpaid accounts year-over-year, while growing both the number of lines per account and the average revenue per account year-over-year. However, if AT&T and Verizon continue with the aggressive promotional activity we have recently seen, it may slow our path to reduce churn, drive new accounts, gross adds to Sprint and stabilize after, which will make it difficult to continue our current year-over-year growth in wireless service revenue in fiscal ’19.

In addition, our business segment continues to be a growth engine with gross adds up year-over-year for the seventh consecutive quarter and the third lowest churn on record delivering postpaid net additions from business for 10 consecutive quarters. Likewise, we’re excited about the future of our Curiosity IoT platform with over $150(ph)million of total contract value signed year-to-date, after launching the Curiosity Core and operating system, in addition to (inaudible) in the fiscal third quarter.

Turning to prepaid, we faced pressures in the quarter both from industry decisions continuing to shift to postpaid and aggressive offers from bigger competitors in the market. Boost continued to deliver positive net adds before migrations to postpaid driven by year-over-year growth in gross additions for the sixth consecutive quarter. The strength in boost was offset by losses from other prepaid brands.

Turning to Slide 7, we are driving a digital transformation of our company as I highlighted last quarter in detail. Because we lack the scale of the biggest wireless carriers, we must be more innovative by leveraging digital capabilities and employing advanced analytics, artificial intelligence, and intelligent automation in our operations to further optimize our cost structure. Our digital transformation is based on three main pillars; increased digital revenue for improvements in gross adds and upgrades for digital channels, provide intelligent customer experience by leveraging AI, analytics and data-driven decisions, and improve digital engagement with our in-house digital marketing agency and enhanced ad functions.

From a digital sales perspective, benchmarks show that we’re the leading wireless carrier in the U.S. in terms of both the mix of sales for digital and the conversion of web traffic. Postpaid gross adds for digital were up nearly 70% year-over-year in the third quarter. This is driven by best-in-class traffic conversion for a complete redesign of the end-to-end digital customer experience. In addition, we saw one in every six upgrades coming for digital in the third quarter. Likewise, we are ramping our roll-out of cutting-edge intelligent customer experience leveraging AI and analytics. We are seeing growth in digital customer engagements for chat, and on top of that, we have ramped to 30% of chats being handled by virtual agents and experience continues to show improving SPS or customer satisfaction. We have even enabled Artificial Intelligence within the My Sprint App creating the simple and seamless experience from start to finish, so customers can easily and quickly complete a device upgrade. Furthermore, connecting with Sprint recently got even easier with the availability of Apple Business Chat. More than 50% of customers engage with service providers for live chats on mobile apps and now consumers can chat directly with Sprint 24/7 by sending a message through the Messages App on iPhone and iPad.

Sprint customers can use Apple Business Chat to message an agent or learn about Sprint plans and more any time of day. Customers can even start and stop message anytime and pickup right where they left off. This is complementary to our overall customer experience as the automation of the simple customer request allows our live agents to spend more time helping customers resolve their more complex issues.

Lastly, our in-house digital marketing agency is delivering solid early results compared to our previously outsourced model with web conversions up year-over-year, while online media spend and cost per click are down significantly. This digital transformation and data-driven culture is expected to contribute to the evolution of our customer experience and the next wave of cost reductions for the future.

I will now turn the call over to Andrew to take you through our financial results.

Andrew DaviesChief Financial Officer

Thank you, Michel. As Jud mentioned in his opening remarks for better compatibility, I’m going to discuss results based on prior revenue recognition standards, beginning with revenue on Slide 8. Consolidated net operating revenues were $8.5 billion for the quarter, an increase of approximately $250 million year-over-year. Wireless service revenue of $5.6 billion in the quarter increased year-over-year for the second consecutive quarter, mostly due to growth in our retail customer base and stabilizing ARPU trends.

Additionally, postpaid service revenue inflected this quarter growing year-over-year for the first time in 5 years. While the near-term trends are encouraging, the pressure we are currently seeing in retail customer growth will likely start to impact wireless service revenue growth in fiscal 2019 as Michel has already mentioned. Postpaid ARPU of $44.60 remained relatively stable as the 1% year-over-year decline was the smallest in nearly 5 years and was impacted by our strategy of driving more data device net additions, which generate additional service revenue for the company, but do put some pressure on ARPU.

Postpaid phone ARPU was essentially flat year-over-year as base customers rolling off promotions and increasing their monthly spend with us together with other pricing actions offset the impact of other promotional discounts. Prepaid service revenue of $1 billion grew year-over-year for the fifth consecutive quarter as our prepaid ARPU remained flat and we saw continued customer growth within our Boost brand.

Now let’s turn to costs and profitability on Slide 9. We continue to execute on our cost transformation in the quarter as we realized nearly $100 million in net reductions year-over-year in combined operating expenses across cost of services and SG&A costs when adjusted for $67 million of merger-related costs that were included within SG&A expenses. Cost of services of $1.7 billion in the quarter were down $62 million year-over-year as lower wireline network expenses were partially offset by some incremental costs associated with our increased network investment.

SG&A costs were $2.1 billion in the quarter. When adjusted for merger costs, which are not included within adjusted EBITDA, SG&A was down $30 million year-over-year mostly due to more efficient marketing spend.

Excluding the impact of the new revenue recognition standard and merger costs, we have delivered approximately $800 million of combined year-over-year gross reductions in cost of services and SG&A costs in the first three quarters of fiscal 2018 and net reductions of about $300 million year-to-date.

For the full fiscal year, we continue to expect to deliver gross reductions of more than $1 billion for the fifth consecutive year with net reductions of just less than $500 million after reinvestments in our Next-Gen Network, digital capabilities and other initiatives. Adjusted EBITDA of $2.8 billion for the quarter was the highest fiscal third quarter result in 12 years and improved by $126 million year-over-year.

Turning to slide 10. Operating income was $223 million in the quarter, marking the 12th consecutive quarter of positive operating income. The current quarter had several non-recurring items, including $105 million related to a loss on asset dispositions, $67 million related to merger costs, $50 million related to a litigation settlement, and $30 million of severance and lease exit costs. These led to a net loss of $343 million compared to net income of $7.2 billion in the year-ago quarter. However, as a reminder, we had a $7.1 billion non-cash benefit from tax reform included in last year’s results.

Turning to slide 11 on CapEx and free cash flow. Network cash capital expenditures of $1.4 billion more than doubled year-over-year and were up roughly $150 million sequentially as we continue to execute our Next-Gen Network plan. As expected, adjusted free cash flow dipped into negative territory, a $908 million this quarter, as network investments continue to ramp and we had unfavorable working capital outflows associated with this seasonally heavy sales quarter. As a reminder, the year-ago period also included more than $300 million of benefit related to a cash settlement of a patent infringement law suit.

We continue to have strong liquidity with nearly $9 billion of general purpose availability, including about $6.8 billion of cash, cash equivalents and short-term investments. We continued to optimize the capital structure, this quarter as we repaid $1.8 billion of higher coupon debt and raised $1.1 billion of low interest rate debt via an add-on to our existing term loan B. Importantly, as part of this transaction, we also amended the credit agreement to allow a significant upsize to the spectrum notes program if the merger with T-Mobile is not approved. Going forward, we will continue to be opportunistic in looking at the capital markets and we’ll certainly maintain flexibility through the duration of the merger review process.

Let’s move to our latest outlook on slide 12. The team remains focused on executing our operating plan for fiscal 2018. As a result, we are not making any changes to our guidance for the year. We continue to expect adjusted EBITDA to be in the range of $12.4 billion to $12.7 billion for the full year. However, excluding the impact of the new revenue recognition standard, we expect adjusted EBITDA to be in the range of $11.7 billion to $12 billion.

With regard to network cash capital expenditures, we continue to expect $5 billion to $5.5 billion for the year as we continue to ramp our investments and prepare for our mobile 5G launch in the first half of 2019. Additionally, we continue to expect adjusted free cash flow to be in the range of negative $500 million to negative $1 billion for the full year.

Thank you, and with that, I will now turn the call back to Jud to begin the Q&A.

Jud HenryVice President of Investor Relations

Thanks, Andrew. In just a moment we will begin the Q&A. Bernard, please inform our participants on how to queue up for the question-and-answer session.

Questions and Answers:

Operator

Absolutely. (Operator Instructions) First question is from Jonathan Chaplin from New Street. Your line is open.

Vivek StalamNew Street Research — Analyst

Hey, there, it’s Vivek on for Jonathan. Just real quick on the churn side. Churn increase has slowed this quarter year-over-year. But you’re still quite a bit higher than peers. Seems like 2019 is the year that churn really starts to drop off. Should we think about this as just sort of winning back what you’ve seen over the last year in terms of increases? Or is it more about a underlying network reduction to get in line with peers?

Michel CombesChief Executive Officer and President

Good morning, Jonathan(ph). In terms of churn, so as you rightly highlighted, we posted — postpaid phone churn of 1.84%, which is up sequentially and year-over-year as it was expected and flagged. Sequential increase is mostly due to seasonality that we see every year in Q3 and year-over-year increase is mostly due to customers rolling off promotions. You know that we have those promotions, which have been introduced in our days in the back two quarters and which now let’s say allows the customers or makes the customers running out of them and so which trigger a bit of churn. Keep in mind, as we have discussed also in the past, that leasing, which is our value proposition, has structurally higher churn than ID and so that’s one of the reason why our churn is higher than the competitors. The market remained active and competitive and Verizon and AT&T have also experienced a year-over-year increase in churn this quarter. So I guess that we are more or less on track with the market in terms of evolution quarter-on-quarter. Of course, if AT&T and Verizon continue with aggressive promotional activity as we have seen recently, it may slow our path to reduce churn, which is — what I have flagged for the the past two quarters. Our aim is to reduce churn moving forward, and I believe that our increased network investments plus our investments in customer experience will help to reduce the churn moving forward, of course, we have to take care also of the competitive environment. So that’s where we are and that’s, let’s say, the way we are going to move forward.

Vivek StalamNew Street Research — Analyst

Got it, thanks.

Operator

Next question is from John Hodulik from UBS Securities, LLC. Your line is open.

John HodulikUBS Securities LLC — Analyst

Great, thanks. Maybe just some clarifications on the prepared comments, maybe prefer Andrew , the — you mentioned some pressure on retail, I think postpaid customers and then I think earlier Michel talked about some lower sales from the deal. Can you talk about those two issues, I mean. So at this point, you guys trying to say that you’ve seen a change in trend in terms of your postpaid handset adds. And then could you sort of if possible sort of maybe disaggregate sort of what’s really being impacted. Are we seeing — can you quantify maybe how much lower that the gross adds made have been from the deal or are we talking — and is that just driven by customer decisions or churn in your retail workforce.

And then I guess just lastly, are you guys at this point expecting service revenues to return to negative given — given what you’ve seen sort of thus far through the quarter? Thanks.

Michel CombesChief Executive Officer and President

So, let me remind you — what is our strategy, our strategy this year was to stabilize our postpaid accounts days, while growing both lines and revenue per account. And I would say that we see as a positive results of this strategy as we have stabilized our total number of postpaid accounts year-over-year and we have grew the lines per account and the after year-over-year. So which means that we are just on track with our strategy to optimize the balance of gross adds, churn, ARPU to deliver better financial outcome over the long term.

What we have said is that from gross adds perspective, though we are up year-on-year in terms of total postpaid gross adds, so which means that we have been able to offset some pressure that we have had on phone gross adds, by strong improvements in non-phone gross adds whether it’s tablets, watches and/or our Sprint Drive value proposition. So that’s what we have seen. On top of that, I should say that we have also seen a good momentum in the business market, from postpaid gross adds point of view, so which has also helped.

So that’s where we stand, so the strategy is just right, and we are just where we were expecting to be. It’s safe to say that the market remained so competitive. So that’s what is putting some pressure on our phones, gross adds and net adds, meaning that we have been slightly less competitive than previous year from the service plan point of view when our major competitors have elected to be much more competitive in Q3 compared to last year. So, of course, that has put some pressure on our ability to drive gross ads as well as on our churn, as I have already mentioned.

So that’s what you have seen in our figures. Also, I’ve just mentioned, it’s obvious that the deal as kind of, let’s say, shadow impact on our commercial executions as when customers from the morning to evening listen to messages saying the two companies are going to merge, I mean most likely it reduces a bit the appetite to come to Sprint stores. But that’s very, very difficult to explain exactly, let’s say, the amount of traffic or whatever, which is impacted by that. So that’s why for me it’s a major, major piece out of the ones that I have highlighted before.

John HodulikUBS Securities LLC — Analyst

Got it. Thanks, Michel.

Philip CusickJP Morgan Securities Incorporated — Analyst

Next question is from Philip Cusick from JP Morgan Securities Incorporated. Your line is open.

Hi, thank you. I like the formality. Can you talk about customers coming off of those aggressive promotions, churn was up, but maybe not as much as we’d feared. How should we think about the pace of those rolling off from here? And how many are left?

Michel CombesChief Executive Officer and President

Well, Phil, customers on introductory prices plan such as 50% off or unlimited freedom with free lines continue to roll off these promotions. And they will continue over the next several quarters as customers join Sprint, get these promotions all the time. So I mean that’s something, which has impacted this quarter and which will continue to impact the quarters to come. As you know, these promotions were structured to have a lower introductory rate that would then step up to a later date, so very similar to what has been implemented in the cable industry.

And so that is what is let’s say happening right now. And while we have seen some incremental churn pressure, many customers do stay after the promotional periods end, so it has helped our wireless service revenue trends. So it’s fair to say that these will continue to impact our churn moving forward. We have implemented some other actions in order to mitigate these point of pressure, that’s all the investments that we’re making in network, in customer experience with digital in removing some of the irritants that we had within the base for our customers, but that takes time. So that’s why on one side we have this short-term pressure and on mid term, we have those structural moves that we’re doing, and all that, of course, is impacted also by the competitive environment in which we are.

So that’s why we see these continued pressure, that’s we’re still higher than the rest of the industry, we’re slightly better than what was expected. And I’m just remaining cautious as I know that it will continue to be tough until it goes better, thanks to the structural moves that we are implementing right now. And so depending on the competitive market in the quarters to come, It can be — we can have slightly more pressure or slightly less pressure, it will depend on what our major competitors will do.

Philip CusickJP Morgan Securities Incorporated — Analyst

Thank you. And just to clarify, the slower or declining revenue is a function of subscribers. Correct? Not any hedging on the ARPU tailwind? Can we expect ARPU to continue there?

Michel CombesChief Executive Officer and President

So I guess that from an ARPU point of view, we are more or less flat year-over-year and sequentially. So the postpaid phone ARPU was relatively flat, essentially flat year-over-year as base customers rolling off promotions and increasing their monthly spend with us along with other pricing actions offset the impact of other promotional discount. So we — as you have seen, we have posted for the first time in five years, growth in the postpaid wireless service revenue, so which is it driven by this stabilization of the ARPU and the increase in our base would be that we have added in the past few quarters. As we see a slowdown in our base growth, I mean you can expect that moving forward, if the environment was to remain so competitive, we might add also some pressure on our revenue prospective, but in ’19 not in ’18.

Philip CusickJP Morgan Securities Incorporated — Analyst

Thank you.

Operator

Next question is from Brett Feldman from Goldman Sachs & Company, Incorporated. Your line is open.

Brett FeldmanGoldman Sachs & Company Incorporated — Analyst

Hi, thanks for taking the question. You mentioned in your prepared remarks that you’re now 75% through the process of upgrading your macro sites with 2.5 GHz. I was just wanting to get an update on when you think you’ll have that deployed across your full footprint of macro sites? And then just thinking beyond that, you had a lot of projects, not just to point to 2.5 GHz focusing on small cells, some of the LTE advanced features, what’s the timeline for kind of completing some of this renewed investment in the network and how do you think about what happens to your CapEx once you start to move past that? Thanks.

Michel CombesChief Executive Officer and President

Okay. Maybe I will ask John to update you on our network plans.

John SawChief Technology Officer

Sure. Hey, Brett. We expect to be substantially done with adding 2.5 GHz to where we needed it in another quarter, toward spring this year. And like we’ve said, we have made significant progress. A year ago, we only had 50% of our sites having 2.5 GHz. Small cells, again, a lot of momentum recently, 27,000 small cells. A year ago, we only had 3,000. So the permits are starting to come in. Some of our infrastructure that we leveraging especially with the cable companies is making it easier for us to deploy small cells faster. LTE Advanced is rolled out in more than 270 cities. And this is why we’re starting to make an impression even in the big markets where our customer experience speeds have improved significantly because of LTE Advanced. And we expect the LTE Advanced upgrades to complete around spring this year as well.

Small cells will continue to be — to be a focus for us because we need to continue to densify our networks even with 5G. You know a network is never done, Brett. So, we are also rapidly transitioning to focusing on 5G as well, as you know, a lot of our radios that we’re deploying today with Massive MIMO allows us to simultaneously support LTE and 5G and that is the — going to be the main focus for the rest of this year for 5G.

Michel CombesChief Executive Officer and President

Just on the — on the question that you raised as well in terms of CapEx, I guess that what we had said is that you can — you were — we were expecting, sorry, an increase of our CapEx for ’18, ’19, ’20 in between $5 billion and $6 billion per year in order to catch up and to deliver this plan and then coming back to benchmarks compared to the other operators based on the number of customers that were into this.

Brett FeldmanGoldman Sachs & Company Incorporated — Analyst

Great. Thank you.

Operator

Next question is from Michael Rollins from Citigroup Investment Research, US. Your line is open.

Michael RollinsCitigroup Inc — Analyst

Hi, thanks for taking the questions. Two if I could. First, when you look at the device leasing in the marketplace, does Sprint see that as a differentiator to get gross adds? Or is it really just a preference for how Sprint wants to finance the devices for the customers?

And then secondly and separate from device leasing, can you talk about what’s happening with the credit profile for your customers? And are you taking a different look at how do you measure credit for customers in an environment where devices are unbundled and some customers even bringing their own devices? Thanks.

Michel CombesChief Executive Officer and President

So, let Andrew take the second question on the credit profile and I will come back on device leasing.

Andrew DaviesChief Financial Officer

Yeah. So, thanks for the question, Mike. So we — our credit profiling and the categorization, if you will, of our customer base by the different types of credit classes or tiers is relatively stable over time actually. We don’t see any material changes. Yeah, in terms of how we assess credit risk, we continue to monitor that on a regular basis, I’m talking daily and weekly and not just monthly and we — when we see the need to make refinements to our methodologies, we do so, but they are really — when we make refinements, that is pretty peripheral stuff. We haven’t made any material changes to how we profile assess customer credit risk for quite some time. And we — I see that — I don’t see that changing anytime in the near future.

Michel CombesChief Executive Officer and President

On your first question concerning device leasing, I guess it’s fair that it’s an economically driven decision that we felt was appropriate for Sprint in the context in which Sprint was. We are always assessing the pros and cons of this scheme as we know that it delivers financials benefits, but on the other side, as we have seen in some of the previous questions, it has impact on churn and on the customer experience. So we assess that in a — on a permanent basis, and figuring out whether we should stick to a leasing or whether at some stage we might open some other ways of device financing. I think in mind that all that he’s also looked at in the context of what’s happening in the marketplace where the lifecycle of devices is extending. So maybe leasing maybe less actually in the long run from the financial point of view.

Michael RollinsCitigroup Inc — Analyst

Thank you.

Operator

Next question is from Michael Niknam from Deutsche Bank. Your line is open.

Matthew NiknamDeutsche Bank — Analyst

Hey, guys. It’s Matt Niknam from DB. So two questions, one on the other postpaid devices or non-phone. What do you think is driving the strength here. Is it just a healthier consumer? Is it Sprint maybe promoting these a little more actively? But broadly, trying to get a sense of what’s driving some of the strength there? And whether you’re seeing the benefits in terms of stickier accounts?

And then secondly, as you sort of get closer to your mobile 5G launch first half of this year, any color you can shed on the pricing and go-to-market strategy? Is this a revenue — incremental revenue opportunity? Or is this a little bit more of a churn reducing retention tool? Thanks.

Michel CombesChief Executive Officer and President

On your first question, to be fair, I guess it’s purely sales execution and sales focus. Meaning that at the end of the day, we have shifted a little bit of focus of our retail. Meaning that and that’s part of our strategy, which is, let’s make sure that we bring additional line on the existing accounts and there was an opportunity that we had not captured in the past. I can even tell you that we are less promotional than we used to be in that field a few years ago and despite the fact that we are less promotional, we are much more efficient, because all the execution is focused on that. And on top of that, as you know, we have introduced a new product, which is Sprint Drive. So now we have a portfolio of products from tablets to watches to Spring Drive.

So I think that we see there an opportunity and a when I benchmark us with other operators or other competitors, it’s clear that we are not at par with our competitors in this area. So that’s something which is good. And on top of that, it has a similar ARPU as phone add line. We’ve device cost, which is lower, so which means that it has good profitability for Sprint. So from a strategic point of view — good profitability. It helps to reduce the churn and on top of that there is a strong opportunity ahead of us that we have decided to capture. So that’s the way I see it. For 5G, as you can expect, that’s commercially sensitive. So I will not unveil any commercial secret there, but it’s obvious that for us 5G is a way to change the network perception of Sprint, which has been one of our weaknesses in the past.

So being in the leap seat to launch 5G will help to change the network perception. On top of that, of course, it will deliver better experience to the customers. So it might at least support the move up of our customers to our high-end plans. You know that we have now several levels of plans and so we expect that we’ll be able to push our customers to the high-end plans, and of course on top of that, I expect that with a better experience we’ll reduce churn as well for our customers.

So that’s a mix of all of that we intend to grab from a benefit point of view.

Matthew NiknamDeutsche Bank — Analyst

Thank you.

Operator

The next question is from Simon Flannery from Morgan Stanley. Your line is open.

Simon FlanneryMorgan Stanley — Analyst

Great, thank you very much. Just coming back to the network, I wonder, Dr. Saw, could you just talk about Massive MIMO and what’s the plan for 2019? Is this something that you’re going to start putting on thousands of cell sites? Or is it sort of targeted?

And then Michel, any impact from the government shutdown on the timing for the merger decision? Thanks.

Michel CombesChief Executive Officer and President

Dr. Saw first.

John SawChief Technology Officer

Simon, I can go on all day about Massive MIMO. But you are correct. We are very encouraged with the testing results we have seen with Massive MIMO both with LTE and 5G. So the plan is to, like you say, roll out thousand of Massive MIMO sites. That is our bridge to 5G from LTE. With the spectrum that we have in the top 100 markets, we are able to simultaneously over the same Massive MIMO radio support both LTE and 5G. So it’s a very efficient way for us to enhance our LTE coverage experience and add Massive MIMO to the same sites and also offer the same level of coverage both for LTE and 5G at the same time.

So with the results we’re seeing so far, the plan is to continue moving ahead with deploying Massive MIMO and as we look ahead — at the merger scenario, if it’s approved, I believe it’s also going to be a technology that will be also very helpful for the new company as well.

Andrew DaviesChief Financial Officer

On your second question, we don’t expect the impact of the government shutdown on the timeline. We continue to work for the regulatory process and continue to expect the deal to close in the first half of ’19, as we have always said. The FCC transaction clock resumed on January 29th, the day after government reopened and we look forward to picking up where we left off before the shutdown. So, no major impact to be expected.

Simon FlanneryMorgan Stanley — Analyst

Great. Thank you.

Operator

And your next question is from Amy Yong from Macquarie. Your line is open.

Amy YongMacquarie — Analyst

Thanks and good morning. Maybe two questions if I could squeeze it in. First on prepaid, it seems like there’s been a greater focus from your competitors on this market. Can you talk about some of the current trends this quarter and how you’re positioning Boost and Virgin?

And then my second question is on your relationship with your cable partners. Any meaningful updates? Obviously you’re leveraging that partnership with Altice pretty well. Do you anticipate any competition from them as they prepare to launch their MVNO? Thanks.

Michel CombesChief Executive Officer and President

On on prepaid, we continue to see strength in Boost offset by losses in other brands that have been reemphasized(ph). So if I look at really Boost, which is our major brand in this area, we delivered our eight consecutive quarter of Boost net adds before migrations and Boost gross adds grew year-over-year for the sixth consecutive quarter, so which means that our offers remain appealing and we continue to have quite, so let’s say, a nice journey there. We have to say, that we have had some pressure from the competitive environment, which means that the churn has let’s say slightly increased year-over-year as the market was extremely competitive. But that’s what I can report on prepaid, prepaid service revenue grew year-over-year for the fifth consecutive quarter and excluding new revenue standard prepaid ARPU remained stable both sequentially and year-over-year.

So that’s for prepaid. For your second question, I think that we are continuing to have a good relation with Altice and Cox as it was reported by Dr. Saw earlier on that’s part of our deployment strategy. And so we have increasing the number of strand mount cells that have been delivered. And so we have, let’s say, we are very — very happy with the agreements that we have with those two cable operators.

Amy YongMacquarie — Analyst

Great, thank you.

Operator

Your next question is from David Barden from Bank of America. Your line is open.

Joshua FrantzBank of America — Analyst

Hi, guys. It’s Joshua Frantz in for Dave, thanks for taking the question. First on the migrations, how do you guys qualify the customers? Is it more proactive or is it more of a savings tool? Any more on the process there would be helpful. And then second, quickly on tax season, do you have any plans that we should be thinking about and do you think the government shutdown is going to really stretch this out more than expected? Thanks.

Michel CombesChief Executive Officer and President

So on the migrations, so this program was introduced to reward prepaid customers with access to postpaid financing offers under their respective brands. So that’s a specific program which is offered for customers which have been with us for more than a year and which have been good payers with Sprint so which have a profile of postpaid customers if I can say so. And so we are offering or we are giving them access to postpaid financing under their brands that they can benefit from this type of financing. Prepaid to non-Sprint branded postpaid migrations were slightly above 100,000 in fiscal Q3 and we expect migrations to be relatively similar to this quarter going forward. We are of course monitoring the churn of those customers which is very similar to the churn of our postpaid customers.

On your second question, we don’t currently expect any delay in tax refunds this year.

Joshua FrantzBank of America — Analyst

Got it, great, thanks for taking the questions.

Jud HenryVice President of Investor Relations

That’s all the time we have for questions, everyone. But before we end the call, I’d like to turn the call back to Michel for some closing comments. If you have any additional questions following the call, please contact the Sprint Investor Relations team. Michel?

Michel CombesChief Executive Officer and President

Thanks, Jud. So I want to thank you everyone for joining us today and for supporting Sprint. Our third quarter results demonstrate continued execution of our plan to balance customer growth and profitability while improving network performance. We continued to deliver retail net adds for the sixth consecutive quarter, with improved profitability, delivering operating income for 12 consecutive quarters without our highest third quarter adjusted EBITDA in 12 years. In addition, we are aggressively executing our Next-Gen Network deployment to deliver a network built for unlimited while building the foundation for our mobile 5G network that we’ll launch commercially in the coming months. We continue to, enhance our value proposition and continue to transform our cost structure and customer experience with digital, artificial intelligence, advanced analytics and automation. Thank you, and have all a very great day.

Operator

Ladies and gentlemen, this concludes today’s conference call. You may now disconnect. Thank you.

Duration: 43 minutes

Call participants:

Jud HenryVice President of Investor Relations

Michel CombesChief Executive Officer and President

Andrew DaviesChief Financial Officer

Vivek StalamNew Street Research — Analyst

John HodulikUBS Securities LLC — Analyst

Philip CusickJP Morgan Securities Incorporated — Analyst

Brett FeldmanGoldman Sachs & Company Incorporated — Analyst

John SawChief Technology Officer

Michael RollinsCitigroup Inc — Analyst

Matthew NiknamDeutsche Bank — Analyst

Simon FlanneryMorgan Stanley — Analyst

Amy YongMacquarie — Analyst

Joshua FrantzBank of America — Analyst

More S analysis

Transcript powered by AlphaStreet

This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company’s SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.





Source link

UPDATE 3-Sprint beats on revenue, loses fewer phone subscribers


(New throughout, adds details from conference call)

Jan 31 (Reuters) – Sprint Corp on Thursday posted third-quarter revenue that beat estimates while the U.S. wireless carrier lost fewer customers than expected even as it cut back on price promotions to improve financials.

The company posted a net loss of 3 cents a share versus a net profit last year, when it benefited from a U.S. tax cut. Analysts had expected a loss of just 2 cent a share.

Chief Executive Officer Michel Combes told analysts during the earnings call that Sprint must complete its merger with T-Mobile US Inc to effectively compete against larger rivals Verizon and AT&T. At the same time, it has pursued a plan to pull back on expensive price promotions to stabilize the business, which has struggled with negative perceptions of network quality.

Shares of Sprint, the No. 4 carrier with over 54 million total customers, were up 1.66 percent at $6.14 in morning trading.

Sprint lost a net 26,000 so-called “postpaid” phone subscribers who pay a recurring bill during the third quarter ended Dec. 31, fewer than the 32,000 subscriber losses analysts had expected, according to research firm FactSet.

Total net operating revenue rose 4.4 percent to $8.60 billion, beating forecasts by analysts who had expected revenue of $8.43 billion.

The company has focused on promoting data plans for devices like tablets and smartwatches, which helps customers stick with the carrier longer if they have more devices on the network.

Sprint reported a net loss of $141 million, or 3 cents per share, in the quarter, compared with a net income of $7.16 billion, or $1.76 per share, a year earlier, when the company benefited from a change in U.S. tax laws.

Analysts were expecting the company to report a loss of 2 cents per share, according to IBES data from Refinitiv.

In July, Sprint revamped its unlimited wireless plans to include more perks at higher prices, in order to make more money from customers on the plans.

But the company warned churn, or the rate of customer defections, could rise in the near-term due to the higher prices. Churn for the third quarter increased to 1.84 percent, up from 1.71 percent last year.

Sprint said it continues to expect cash capital expenditures between $5 billion to $5.5 billion. (Reporting by Akanksha Rana in Bengaluru and Sheila Dang in New York; Editing by Chizu Nomiyama and David Gregorio)



Source link

Sprint beats on revenue, loses fewer phone subscribers


Reuters




By Sheila Dang and Akanksha Rana

Jan 31 (Reuters) – Sprint Corp on Thursday posted third-quarter revenue that beat estimates while the U.S. wireless carrier lost fewer customers than expected even as it cut back on price promotions to improve financials.

The company posted a net loss of 3 cents a share versus a net profit last year, when it benefited from a U.S. tax cut. Analysts had expected a loss of just 2 cent a share.

Shares of Sprint, the No. 4 carrier with over 54 million total customers, were up 1.66 percent at $6.14 in morning trading.

Sprint lost a net 26,000 so-called “postpaid” phone subscribers who pay a recurring bill during the third quarter ended Dec. 31, fewer than the 32,000 subscriber losses analysts had expected, according to research firm FactSet.

Total net operating revenue rose 4.4 percent to $8.60 billion, beating forecasts by analysts who had expected revenue of $8.43 billion.

The company has focused on promoting data plans for devices like tablets and smartwatches, which helps customers stick with the carrier longer if they have more devices on the network.

Sprint reported a net loss of $141 million, or 3 cents per share, in the quarter, compared with a net income of $7.16 billion, or $1.76 per share, a year earlier, when the company benefited from a change in U.S. tax laws.

Analysts were expecting the company to report a loss of 2 cents per share, according to IBES data from Refinitiv.

In July, Sprint revamped its unlimited wireless plans to include more perks at higher prices, in order to make more money from customers on the plans.

But the company warned churn, or the rate of customer defections, could rise in the near-term due to the higher prices. Churn for the third quarter increased to 1.84 percent, up from 1.71 percent last year.

Sprint said it continues to expect cash capital expenditures between $5 billion to $5.5 billion.







Source link

Sprint loses fewer phone subscribers and beats on revenue


(Reuters) – Sprint Corp on Thursday reported fewer-than-expected losses for phone subscribers who pay a monthly bill on a net basis and beat quarterly revenue estimates, as the U.S. wireless carrier has focused on improving profitability.

A woman walks past a Sprint store in New York City, U.S., April 27, 2018. REUTERS/Brendan McDermid

Sprint, which has over 54 million total customers, is hoping for regulatory approval to merge with larger rival T-Mobile US Inc. It has historically struggled to retain customers due to negative perception of its network quality, and pursued a plan to pull back on expensive price promotions to stabilize the business.

The company said it lost a net 26,000 phone subscribers during the third-quarter ended Dec. 31, fewer than the 32,000 subscriber losses analysts had expected, according to research firm FactSet.

Sprint is well-known for prices that are lower than those of its larger competitors. Its Unlimited Plus plan starts from $70, less than Verizon and other wireless carriers, according to the website. (sprint.co/2sv0BNb)  

Total net operating revenue rose 4.4 percent to $8.60 billion. Analysts had expected the company to report revenue of $8.43 billion.

Sprint reported net loss of $141 million, or 3 cents per share, in the quarter, compared with a net income of $7.16 billion, or $1.76 per share, a year earlier, when the company benefited from a change in U. S. tax laws.

Analysts were expecting the company to report a loss of 2 cents per share, according to IBES data from Refinitiv.

In July, Sprint revamped its unlimited wireless plans to include more perks at higher prices, in order to make more money off of customers on the plans.

But the company warned churn, or the rate of customer defections, could rise in the near-term due to the higher prices. Churn for the third quarter increased to 1.84 percent, up from 1.71 percent last year.

Sprints shares rose 1.3 percent at $6.12 before the bell.

Reporting by Akanksha Rana in Bengaluru and Sheila Dang in New York; Editing by Shinjini Ganguli and Chizu Nomiyama



Source link

Is My Cell Phone Carrier Throttling My Speed? | News & Opinion


Unlimited data is the order of the day for most cell phone plans, but unlimited doesn’t really mean unlimited. The major carriers and their low-cost brands all put restrictions on their unlimited dealssometimes, even including hard caps on your LTE data speed.

Do speed caps matter? I think so. Running our Fastest Mobile Networks tests since 2010, I’ve found there’s a significant difference in how responsive web pages and image-based social networks feel once you get to around the 10Mbps level. On a phone, with current apps, it’s hard to feel the difference when you get above 20Mbps, but the difference between 3Mbps and 10Mbps is the difference between your Instagram scrolling and stalling.

Relatively few plans will actually throttle your speed these days, unless you get to a very high level of usage. But most plans will throttle video streaming. On tiny phone screens, however, it’s hard to say that most people can tell the difference between 480p and 1080p video.

Carriers also throttle tethering and hotspot mode. That’s to prevent people from using their phone plans as their primary means of home internet access.

Postpaid Gets Priority

On all carriers, postpaid, first-party customers get priority on the network. The priority list tends to go: first postpaid customers, then prepaid customers on the primary brand, and then virtual carriers that buy minutes wholesale from the larger carriers.

The best way to think about deprioritization is that speeds become unreliable. Yeah, I know, speeds are unreliable anyway. But they become extra unreliable. This report from Tutela shows the effect of deprioritization on average speeds.

Carriers have recently gotten more liberal about hard speed caps, as they’ve gotten more comfortable with deprioritization. Verizon used to throttle all of its wholesale customers to 5Mbps, and AT&T used to throttle many to 8Mbps; that isn’t the case any longer, with only a few plans (some on the chart below) now doing throttling.

Is My Cell Phone Carrier Throttling My Speed?

Along with the plans listed herewhich are all the brands owned and operated by the four major carriersH2O Wireless throttles its speeds to 8Mbps, and US Mobile offers a range of speed-throttled, discount options.

For more on cheap wireless plans, check out our feature on The Best Cheap Cell Phone Plans You’ve Never Heard Of, which describes our favorite plans that aren’t owned by the major carriers. And cellular plans are a fast-changing world, so if you learn more, make sure to add it in the comments here.



Source link

UPDATE 2-Sprint loses fewer phone subscribers and beats on revenue


(Adds details from results)

Jan 31(Reuters) – Sprint Corp on Thursday reported fewer-than-expected losses for phone subscribers who pay a monthly bill on a net basis and beat quarterly revenue estimates, as the U.S. wireless carrier has focused on improving profitability.

Sprint, which has over 54 million total customers, is hoping for regulatory approval to merge with larger rival T-Mobile US Inc. It has historically struggled to retain customers due to negative perception of its network quality, and pursued a plan to pull back on expensive price promotions to stabilize the business.

The company said it lost a net 26,000 phone subscribers during the third-quarter ended Dec. 31, fewer than the 32,000 subscriber losses analysts had expected, according to research firm FactSet.

Sprint is well-known for prices that are lower than those of its larger competitors. Its Unlimited Plus plan starts from $70, less than Verizon and other wireless carriers, according to the website. (https://sprint.co/2sv0BNb)

Total net operating revenue rose 4.4 percent to $8.60 billion. Analysts had expected the company to report revenue of $8.43 billion.

Sprint reported net loss of $141 million, or 3 cents per share, in the quarter, compared with a net income of $7.16 billion, or $1.76 per share, a year earlier, when the company benefited from a change in U. S. tax laws.

Analysts were expecting the company to report a loss of 2 cents per share, according to IBES data from Refinitiv.

In July, Sprint revamped its unlimited wireless plans to include more perks at higher prices, in order to make more money off of customers on the plans.

But the company warned churn, or the rate of customer defections, could rise in the near-term due to the higher prices. Churn for the third quarter increased to 1.84 percent, up from 1.71 percent last year.

Sprints shares rose 1.3 percent at $6.12 before the bell. (Reporting by Akanksha Rana in Bengaluru and Sheila Dang in New York; Editing by Shinjini Ganguli and Chizu Nomiyama)



Source link

LG Tribute Empire launched in the U.S., on sale for 40% off


LG Tribute is a pretty common entry-level Android smartphone that Sprint and Boost Mobile offer to their customers almost every year. In 2019, the LG Tribute series returns to Booth Mobile with the launch of the LG Tribute Empire, an affordable device that’s already discounted by almost half.

To celebrate the launch of the LG Tribute Empire, Boost Mobile offers the smartphone for just $60 (plus tax), $40 off the price list. Also, for a limited time, customers who switch to Boost Mobile can get the LG Tribute Empire for just $10 (plus tax).

Moreover, new Boost Mobile customers who need a family plan can also get four lines of unlimited data, talk, and text for only $20 per line per month. If you’re with Sprint and looking for an affordable Android smartphone, you’ll be happy to know that you can purchase the Tribute Empire as well.

The main highlights of the LG Tribute Empire are the 8-megapixel rear camera, 5-inch display, and Android 8.1 Oreo operating system. Also, the 2,500 mAh battery that powers the phone promises up to 15 hours of talk time.

You’ll also be getting 16GB of internal storage, as well as 4G LTE support. Although it comes with a circular button on the back that looks like a fingerprint scanner, the LG Tribute Empire lacks this feature.





Source link

Mint Mobile’s Plans Just Got Better: More Data for the Same Low Price


Mint Mobile’s cell phone plans just got better��more data for the same low prices. Here are the changes the carrier made to their plans today, and how to get your hands on one of the cheapest plans around. 

Mint Mobile Data Increases


Mint Mobile (previously Mint SIM) has always been known for offering affordable cell phone plans, offering 3-month plans with different data allotments. Today the carrier added additional 4G LTE data to their three different plans, but didn’t change the pricing at all. 

Mint Mobile Plans: Data Changes
Plan  Old Data Allowance NEW Data Allowance Intro Price Reg Price
Small 2GB 3GB $15/month $25/month
Medium 5GB 8GB $20/month $35/month
Large 10GB 12GB $25/month $45/month

These increases in data may seem small, but this change has made Mint Mobile’s cell phone plans some of the most competitive compared to other carriers. 

Why Choose Mint Mobile?


First and foremost, Mint Mobile’s plans are affordable and have decent high-speed data caps. The carrier’s intro pricing is a great reason to choose Mint, with all three of their plan sizes—small, medium and large—being amongst the cheapest plans available today. 

Another great reason to sign up for a Mint Mobile plan is for the network. The carrier uses T-Mobile’s network to provide reliable and broad coverage throughout the U.S. The one thing you need to remember about Mint Mobile cell phone plans, however, is that you need to pay for 3 months of service upfront. This is different to most other prepaid carriers who only require that you pay for one month at a time. 

How Mint’s Plans Compare


If you compare Mint Mobile’s plans to other carriers, you’ll see that their introductory pricing is one of the cheapest options available today. Even with their regular pricing, you’ll notice that you’ll be getting more value out of Mint’s plans than most other plans from other carriers. Compare for yourself below. 





Source link