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Sprint Is Enjoying Strong iPhone 5 Sales And Sees Potential Wireless Consolidation
Posted: 21-Sep-2012 [Source: SeekingAlpha]

[Reports looks at Sprint's possible moves to expand its LTE footprint by acquiring U.S. Cellular, MetroPCS and Leap Wireless bringing its total subscriber base to over 77M customers.]

(SeekingAlpha) -- On September 19th, Sprint Nextel (S) had presented at Goldman Sachs' Communicopia Conference. While Sprint did not divulge iPhone 5 sales figures like AT&T (T), we would expect that Sprint sold about 800K iPhones so far based on the fact that Sprint's Q2 iPhone sales were 40% of AT&T's and AT&T announced that it sold 2 million iPhone 5 devices. Sprint shares a common bond with AT&T in that both companies are significantly trailing Verizon Wireless (VZ) with regards to 4G-LTE coverage. Both companies have been working feverishly to expand each firm's 4G-LTE footprint in order to remain competitive with Verizon. Sprint has already extended 4G-LTE to 19 cities and metro markets and is expanding coverage in the coming months to over 100 metro markets nationwide.

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