Sprint Corporation (S) to Expand Wireless Network with More Partnerships

Sprint Corporation (NYSE:S) is all set to expand its wireless network with more partners post the collapse of T-Mobile US Inc (NYSE:TMUS) deal. The CEO of Sprint, Marcelo Claure, announced that the company is looking for more partners for wireless network expansion.

In a conference organized by Goldman Sachs Group Inc (NYSE:GS), Claure said, “We are wide open to having discussions with cable companies, over the top companies, other wireless carriers.” Sprint has been working diligently to expand its network even after the unsuccessful T-Mobile US Inc (NYSE:TMUS) deal supported by SoftBank Corp. Both the partners realize that acquisitions and partnerships will play crucial role in fulfilling its goal.

Claure further added, “We are believers in consolidation. This is a scale game.” Claure was named as the CEO of Sprint a month ago and he has paid active attention to cost cutting and acquisition, lately.

Sprint (S)

Earlier, Sprint Corporation (NYSE:S) started Rural Roaming Preferred Provider program to expand its network in the rural areas. The company added 15 new carriers last week and this program is likely to help Sprint in its 4G LTE coverage while saving the cost on infrastructure.

As of now, Sprint Corporation (NYSE:S) has 27 carriers in its network with the capacity to cover 565,000 square miles and it can easily provide wireless services to over 38 million customers. The Rural Roaming Preferred Provider program could help the company save $1.9 billion in infrastructure cost. Sprint Corporation (NYSE:S) is known to offer better deals to its partners with discounts and right to work on their spectrum.

Sprint Corporation (NYSE:S) has witnessed a 13.72% increase in its share prices in the last 48 hours. The company launched special $50 data plan for iPhone 6 users earlier to attract more customers.

This article has been written by Prakash Pandey.

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