Scalper1 News
With its cash burn-rate worrying Wall Street amid a wireless industry price war, Sprint might soon sell off assets or issue equity to raise funds, analysts say. One option for Sprint (S) is selling its 2.5 GHz spectrum licenses, analysts say. Or it could sell its wireline long-distance phone network. “I think they will do both; the cash needs are high,” Oppenheimer analyst Tim Horan told IBD. For its fiscal Q3 ended Dec. 31, Sprint said it lost 60 Scalper1 News
Scalper1 News