A Closer Look at Sprint’s Capex Priorities

In fiscal 2018 (ending in March), Sprint expects cash capital expenditure (excluding leased devices) of $5.0 billion–$5.5 billion, compared with $3.3 billion in fiscal 2017. Meanwhile, Verizon (VZ) and AT&T (T) expect capex of $17.0 billion–$18.0 billion and ~$23.0 billion this year, respectively, and T-Mobile (TMUS) expects cash capex (excluding capitalized interest) of $5.4 billion–$5.7 billion.