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Sprint Corp.

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Sprint posted mixed second-quarter 2017 financial results, with 2,79,000 postpaid phone net additions. Overall, Sprint witnessed net additions of 3,78,000 wireless customers, including 1,68,000 postpaid and 95,000 prepaid net gain. We believe Sprint's network modernization and integration efforts, lucrative unlimited data plans, promotional offers in both its postpaid and prepaid plans have paid off, in terms of the huge subscriber gain. Sprint unveiled its Sprint MultiLine solution which allows businesses to add a company-owned number to their employees' personal phones for better businesses. For full-year 2017, Sprint has maintained its previous outlook. Over the past three months, the stock price underperformed its industry. However, high cash burn from promotional offers and discounts, debt-laden balance sheet and decreasing cash flow have led to losses for Sprint. Further, Sprint operates in a highly competitive wireless market.

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