Inside Towers reported last week that Sprint was going to be building out its network with 9,000 new sites. Some new reports have surfaced claiming that Sprint could even build 20,000 new sites, but are they ready for this step? Senior Analyst at Wells Fargo, Jennifer Fritzsche, wrote, “Recent reports have Sprint ready to announce 9K – 20K new cell sites. How would this be received? Positively in our view. Yes, this would most definitely be a big capx nugget. But is that a bad thing? One of the consistent criticisms of this story from the Sprint bears is it would almost be better received if Sprint just backed up the truck on capx – they have the spectrum but what good is this asset if it is just sitting idle? Also a heavy duty capx commitment would offer tangible evidence that Softbank in NO WAY has “given up” (to quote a peer) on Sprint.” Continue reading here.
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