Sprint Plans Big Tower Upgrades With $5B+ Capex Increase
December 12, 2017
Sprint intends to “dramatically increase” its capex spending by $5 to $6 billion in fiscal 2018 “and possibly more to accelerate our network buildup,” said Sprint CEO Marcelo Claure at Wells Fargo’s Media & Telecom Conference this week, adding the carrier intends to upgrade with traditional macro towers. “I think our tower friends will be happy. We plan to upgrade every single tower we have” and expand coverage.
American Tower is eagerly anticipating Sprint’s planned tower upgrade. Wells Fargo analyst Jennifer Fritzsche said Claure noted the carrier “intends to touch every tower” for a network upgrade. “We’re ready!” AMT Investor Relations Director Igor Khislavsky responded later in the day.
Sprint is also excited about the partnership it signed with fiber company Altice this week and has access to their backhaul and cable infrastructure. Their backhaul consists of small cells, which Sprint plans to leverage.