Scalper1 News
Sprint’s (S) cash burn is a growing concern. Despite Sprint’s better-than-expected fiscal Q4 postpaid subscriber additions, Wall street analysts are fretting over the phone firm’s balance sheet in the wake of needs to upgrade its 4G network to stay competitive with Verizon Communications (VZ), AT&T (T) and T-Mobile US (TMUS). “In fiscal Q4, Sprint burned through $914 million of its starting $3.5 billion cash-and-marketable securities total,” said Scalper1 News
Scalper1 News