Sprint’s capital expenditure
Sprint (S) has been continuously investing in capex to improve its network. In fiscal Q4 2017, which ended in March 2018, Sprint spent $0.8 billion on cash capex excluding leased devices, up from $0.5 billion in fiscal Q4 2016, and up from $0.7 billion in fiscal Q3 2017. This growth was majorly due to higher network spending as wireless service providers look to ramp up densification initiatives.
Sprint expects cash capex for the full-year fiscal 2018 (year ending March 2019) to be in the $5.0 billion–$6.0 billion range excluding leased devices. Further, capex is intended for adding new macro sites, increasing capacity by rolling out massive MIMO (multiple-input and multiple-output), and starting 5G deployments.
Expected capex investments in 2018
In comparison, Verizon (VZ) expects its capital expenditures to come in in the $17.0 billion to $17.8 billion range in 2018, whereas T-Mobile (TMUS) expects its cash capital expenditures to be in the range of $4.9 billion to $5.3 billion excluding capitalized interest. Further, AT&T (T) is expected to spend approximately $25.0 billion on capital expenditure in 2018.
Check out all the data we have added to our quote pages. Now you can get a valuation snapshot, earnings and revenue estimates, and historical data as well as dividend info. Take a look!