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The carriers are beginning to release earnings reports for the second quarter of 2011. Verizon and AT&T have already published theirs. Sprint's is due on 7/28. Rumors abound that Sprint is getting ready to post one of their worst quarters in history. But then again, when HASN'T Sprint been a juicy rumor target? T-Mobile's earnings statement is due shortly as well.
Right out of the gate, it looks like Verizon added about twice as many customers as AT&T, while AT&T staggers under a high-and-rising churn rate. Verizon Wireless: Verizon Q2 earnings top estimates; CEO will step down
2.2 million net adds. 106.3 million total connections. Excludes acquisitions.
$27.5 billion in revenue, up 2.8% from 2Q10, with service revenue up 6.6% and data revenue up 22.2% for the same period. ARPU is up 9.4% to $52.49.
Churn at 0.89%.
LTE currently ahead of schedule and available in 102 markets. Revised schedule calls for an additional 73 markets within the next six months.
1.1 million net adds. 98.6 million total connections
$31.5 billion in revenue (consolidated across wireless, wireline, and managed services), up 2.2% from 2Q10. Data revenue up 23.4% over 2Q10. ARPU up 2% to $63.87.
The rumors were true. Sprint's earnings report is not so hot. There is some good news, however - Sprint officially confirmed that they are beginning to transition from WiMax to LTE.
1.1 million net adds. 52.1 million total connections.
$8.3 billion in revenue, up 4% from 2Q10. This is significant because it reflects an $827 million net loss, 11% worse than the 2Q10 loss. ARPU is up 4% from $55 to $57.
Churn "improved" to 1.75%.
LTE deployment announced, in partnership with LightSquared. This confirms the long-running rumors that Sprint would drop WiMax and move to LTE.
With Sprint's financial hemorrhaging appearing to never end, does anyone else get the impression that they were absolutely banking on buying / merging with T-Mobile? If so, any bets on how long until Verizon buys them out?
The rumors were true. Sprint's earnings report is not so hot. There is some good news, however - Sprint officially confirmed that they are beginning to transition from WiMax to LTE.
I think that's being a bit premature and not exactly what they stated. They announced that they would host Lightsquared's LTE network and possibly lease access from it. Things are still in a state of flux. They will be officially detailing their own 4G plans on October 7.
I think that's being a bit premature and not exactly what they stated. They announced that they would host Lightsquared's LTE network and possibly lease access from it. Things are still in a state of flux. They will be officially detailing their own 4G plans on October 7.
You are correct in that they didn't come out and say "we are dropping WiMax and moving forward exclusively with LTE". However, when I read between the lines, this is exactly what I'm seeing.
Specifically, what benefit would they see by simultaneously supporting two competing platforms? Each one requires considerable cost from the carrier as well as extensive support from the equipment vendors on both the consumer and network side of things. Why not simply settle on one? Between LTE's predominance around the world and Sprint's announcement that they will begin a partnership on the LTE side of the fence, it just doesn't make financial sense to support both platforms any longer than absolutely necessary.
So my statement was looking a bit forward, but I'm willing to bet it will ring true sometime within the next two or three quarters.
You are correct in that they didn't come out and say "we are dropping WiMax and moving forward exclusively with LTE". However, when I read between the lines, this is exactly what I'm seeing.
Nothing at all wrong with reading between the lines. However, when you use terms like "confirmed", that doesn't exactly jibe with 'reading between the lines' imo.
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Specifically, what benefit would they see by simultaneously supporting two competing platforms? Each one requires considerable cost from the carrier as well as extensive support from the equipment vendors on both the consumer and network side of things. Why not simply settle on one?
Hard to say. The beauty of their Network Vision project and its multimodal base stations is that the expense of utilizing different air interfaces is largely negated supposedly. The following slide shows that they have considered or are considering incorporating both interfaces on the 2.5GHz spectrum:
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So my statement was looking a bit forward, but I'm willing to bet it will ring true sometime within the next two or three quarters.
Quite possibly. More will be revealed October 7, stay tuned...
Net loss of 50,000 subscribers -- worst of the big four. 33.6 million connections.
$4.6 billion in revenue, down 1.7% from 2Q10.
Churn at 3.3%, "down" from 3.4% in 2Q10 (at this level, does it even matter?). 4G rolled out to 200 million subscribers, but no word on market counts or schedule. Plans are in place to move to LTE with the AT&T takeover.
So there you have it. It looks like AT&T and Verizon are pushing strong overall numbers, while both Sprint and T-Mobile are struggling.
Verizon comes out with a new phone every other day it seems not to mention their massive ad campaign. Its not surprise. I am surprised sprint is doing as well though.
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