Sprint, T-Mobile rush earnings releases but won’t hold conference calls

Sprint is following the footsteps of rival and expected merger partner T-Mobile US by skipping its traditional conference calls when it updates its earnings on Wednesday.

Sprint said Monday it would release its quarterly results at 7 a.m. Central time but not hold management’s traditional sessions with analysts and reporters. The announcement promised “a message from management” would accompany the results.

T-Mobile US reported its third-quarter earnings and customer counts Monday morning but skipped the conference calls. Analyst Jennifer Fritzsche of Wells Fargo Securities said in a note to clients that the company decided to “let the 3Q results speak for themselves.”

Unconfirmed reports had circulated that Sprint and T-Mobile hoped to announce merger plans along with their quarterly updates, but the negotiations reportedly became prolonged and delayed any announcement into November.

Monday’s reports strongly suggest that work progresses on an agreement between the two companies and their parent firms.

Read more: Kansas City Star, Bloomberg


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