InfoAnda - Sprint eyes new financing as iPhone swells costs |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Talent star Boyle taken to clinic | Entertainment | | 1 June 2009
Canada warns pregnant women about swine flu risks | 11 July 2009
Samsung says low-end phones not for profit | 16 February 2011

Groupon's Mason to tie the knot right after planned IPO | | 23 August 2011

Forum Views () Forum Replies ()

Read more with google mobile : Sprint eyes new financing as iPhone swells costs |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Green Business Legal Deals Earnings Summits Business Video Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia Afghan Journal Africa Journal India Insight Global News Journal Pakistan: Now or Never? World Video Politics Politics Home Front Row Washington Politics Video Technology Technology Home MediaFile Science Tech Video Opinion Opinion Home Chrystia Freeland Felix Salmon Jack Shafer Breakingviews David Rohde Bernd Debusmann Gregg Easterbrook Nader Mousavizadeh James Saft David Cay Johnston Edward Hadas Christopher Whalen Ian Bremmer Mohamed El-Erian Lawrence Summers Susan Glasser The Great Debate Newsmaker Money Money Home Analyst Research Global Investing MuniLand Reuters Money Blog John Wasik Unstructured Finance Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Life & Culture Health Sports Arts Faithworld Business Traveler Left Field Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Article Comments (0) Editor's Choice World needs to update its flu vaccines: study China to launch unmanned space-docking craft RIM delays PlayBook update, stalls Messenger Statue of Liberty to sport webcams from its torch Asthma drugs may increase attacks in kids: report Hurricane Rina nears Mexico's beach resorts Environment: Coke’s new look: polar-bear white MediaFile: Software goes cheap, cheaper, cheapest Slideshow: Bangkok under water Video: The Digital Drum debuts in Uganda Follow Reuters Facebook Twitter RSS YouTube Read Nazi jokes, wrath at Germans highlight Greek despair 8:42am EDT New risk for Occupy Wall Street: less media interest | 25 Oct 2011 Incoming ECB head gives euro zone pre-summit boost | 11:47am EDT Euro tumbles vs dollar; EU expected to disappoint 11:17am EDT UPDATE 4-Dreamliner carries its first passengers and Boeing's hopes 7:59am EDT Discussed 290 Obama to announce help on housing, student loans 159 Gaddafi captured as he fled Sirte: NTC official 86 Fraud case leaves California Democrats scrambling Watched Video purports to show Gaddafi capture Mon, Oct 24 2011 Sirte bodies buried in mass grave, Libya vows probe Tue, Oct 25 2011 Chinese robots display ping-pong prowess Sun, Oct 23 2011 Sprint eyes new financing as iPhone swells costs Tweet Share this Email Print Related News Broadcom sees revenue decline, stock falls Tue, Oct 25 2011 Amazon profit forecast disappoints, stock slumps Tue, Oct 25 2011 UPDATE 5-CIT Group's long-shrinking loan book stabilizes Tue, Oct 25 2011 Delta profit misses Street view, hit by fuel costs Tue, Oct 25 2011 Netflix warns of more cancellations, shares drop Mon, Oct 24 2011 Analysis & Opinion Sprint’s antitrust pitch hedges against DoJ miss Beyond the 1 percent Related Topics Technology » Media » A woman talks on her phone as she walks past T-mobile and Sprint wireless stores in New York July 30, 2009. Credit: Reuters/Brendan McDermid Wed Oct 26, 2011 11:08am EDT (Reuters) - Sprint Nextel said it would need $7 billion in new financing agreements over the next few years to cover a cash shortfall created by Apple Inc's iPhone and a network upgrade. "If we want to maintain a cash balance as high as $2 billion minimum at any point in time, we would want to extend the maturities of $4 billion that come due in 2012 and 2013 and raise between $1 billion to $3 billion, primarily from vendor financing," Chief Executive Dan Hesse told Reuters on Wednesday. The company, whose shares were down 10 percent in Wednesday's trading, also said it is negotiating a new commercial contract with Clearwire Corp. Sprint is Clearwire's majority owner and its biggest customer. Sprint said that while the iPhone would cost the company $15 billion in the next four years, it would generate $7 billion to $8 billion in projected future value for Sprint over that period. Sprint said it will pay Apple an iPhone subsidy that is 40 percent higher, or $200 more per device, than the subsidies it pays for other phones. But the company's executives said it should be worth the extra cost as the device is bringing in new customers. "IPhone has an expensive contract but is worth every penny," Hesse said. The No. 3 U.S. mobile operator forecast 2011 free cash flow in a range of a loss of $200 million to a gain of $100 million. It had previously promised positive 2011 free cash flow. Free cash flow generally refers to earnings including capital spending but excluding interest, taxes, depreciation and amortization. Sprint said it still expects to report net subscriber growth for 2011 but it did not give specific numbers because it was too early to say how many iPhone customers it would add after just two weeks of sales. The phone company, which has been struggling for years to stem subscriber defections, lost 44,000 customers in the quarter compared with the average expectation for a loss of about 11,000 from nine analysts contacted by Reuters. Sprint's quarterly loss decreased to $301 million, or 10 cents per share, compared with Wall Street expectations for a loss of 22 cents per share, according to Thomson Reuters I/B/E/S. A year earlier, it posted a loss of $911 million, or 30 cents per share. Net operating revenue rose to $8.33 billion from $8.15 billion in the year ago quarter but was slightly below Wall Street expectations for $8.379 billion. Sprint shares were down 24 cents at $2.46. (Reporting by Sinead Carew and Yinka Adegoke; editing by Derek Caney) Technology Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Contact Us Advertise With Us Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Wednesday, 26 October 2011
U.S. court revives human rights case versus Rio Tinto |
Kenya arrests suspect with grenade cache after blasts |
Peres defends Abbas after Israeli foreign minister's attack |
Iraq rounds up Baathists ahead of U.S. pullout |
Amazon slumps after missing expectations |
Target website crashes for second time in six weeks |
IBM names Rometty to succeed Palmisano as CEO |
Broadcom sees revenue drop this quarter |
Target shoots for brisk holiday electronics season |
Panasonic to make smaller LCD panels as TV sales lag: report |
Michael Jackson top earner among dead celebrities |
Kelly Clarkson as strong as ever on new album |
Lindsay Lohan plans to pose in Playboy |
Stallone sued, accused of stealing screenplay |
Aerosmith's Tyler hurt after fall in Paraguay: report |
Lindsay Lohan's father jailed in Florida |
Between A Hygienist And A Dentist, A Hard Sell
Obama respite for Americans burdened with student loan payments
Agro World Co., Ltd announces the introduction of the new Chili Willy “Mini 3-pack” on eBay. Chili Willy new “mini” pack
WTA Championships: Wozniacki tops Radwanska; Kvitova, Stosur record wins
Design Yourself Healthy: A New Innovative Approach to the Obesity Epidemic
Vikings cornerback Chris Cook charged with felony domestic assault
Ryan's express: Falcons quarterback proves value by return from injury
Kardashians cooking up homeware line
Today is the day that celebrates the sourest
Running back Baxter off team at Southern Cal; to focus on academics
Libyans seek further NATO help |
Berlusconi to give summit minimum reform promise |
Turkey struggles to shelter thousands after quake |
Protecting children from abuser-volunteers
Big 12 set to welcome West Virginia as Missouri appears headed to SEC
Thai capital warned massive water on the way |
Sexual violence still a major urban threat
Taliban commanders say Pakistan intelligence helps them |
Proposal to scrap bail could worsen abysmal prison conditions
Tunisia Islamists send business-friendly message after victory |
Bangladesh population pegged at 150.5 million
Millions of children immunized against polio
Saudi king set to name Prince Nayef as heir |
Study: Flu vaccine about 60 percent effective
Peugeot Citroen announces it will cut 10% of labor force to curb costs
Senator Landrieu: Don’t cut aid to Israel
Public college tuition rises 8 percent
Assad meets Arab ministers; 13 killed in clashes |
As Yemen crisis grows, south separatists see opportunity |
The human cost of defending Libya's oil |
BlackBerry maker delays tablet update in new setback |
Olympus head quits; watchdog probes firm on disclosure |
Exclusive: National Security Agency helps banks battle hackers |
Nokia proclaims new dawn with Windows phones |
Amazon.com shares slump as costs weigh on outlook |
Electronics firms see Thai disruption for many quarters |
Sprint eyes new financing as iPhone swells costs |
Nintendo H1 recurring loss seen at $1.32 billion: report |
Lenovo sees hard disk supply constraints from Thai floods |
Analysis: Agreement seen distant at London cyber conference |
Winehouse had high alcohol levels in blood: inquest |
A Minute With: Johnny Depp and his Rum Diary |
Extreme Makeover helps build seven Joplin homes in a week |
Nurse says Jackson sought anesthetic for sleep |
UK music charity attacks Cowell over X-Factor act |
Aerosmith's Tyler falls, Paraguay concert delayed |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01