Saturday, 21 July 2018

Sprint boosts liquidity with $1bn-plus devices deal, revises down earnings guidance

By Mary Lennighan, Total Telecom
Monday 23 November 15

U.S. mobile operator sets up repeatable structure to help it mitigate the working capital impact of leasing devices to customers.

Sprint has signed a deal to sell and leaseback certain high-end mobile devices that are leased to customers in a bid to improve its liquidity position. The U.S. mobile operator on Friday announced the $1.2 billion deal, that will yield $1.1 billion in cash proceeds, with Mobile Leasing Solutions, a newly…

Sprint has signed a deal to sell and leaseback certain high-end mobile devices that are leased to customers in a bid to improve its liquidity position. The U.S. mobile operator on Friday announced the $1.2 billion deal, that will yield $1.1 billion in cash proceeds, with Mobile Leasing Solutions, a newly…

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