Sprint To Provide Nevada's Telecommunications Relay Service
Zacks Investment Research | Sep 04, 2019 08:49AM ET
Sprint Corporation (NYSE:S) has been chosen by the Department of Health and Human Services for the State of Nevada to provide Telecommunications Relay Service and Captioned Telephone service. This came into effect from Sep 1, 2019.
For 29 years, Sprint Accessibility has been a leader in the development of advanced Relay services. It offers communication products and services to remove communication barriers for customers who are deaf, deaf-blind, and have cognitive, speech or mobility disabilities.
The Nevada Relay Service, which is available 24 hours a day, 365 days a year, can be accessed by dialing 711. It enables the aforementioned people to communicate with traditional telephone users through a specialized text telephone and third-party operator called a Relay Operator.
The fourth-largest wireless carrier (by subscriber count) provides Relay services to 38 state customers (including Puerto Rico and the U.S. Virgin Islands), the U.S. Federal Government and the Commonwealth of New Zealand.
Sprint served 54.3 million connections as of Jun 30, 2019 and is widely recognized for developing and deploying innovative technologies. In the last earnings report, the company’s total net wireless operating revenues were $7,901 million compared with $7,845 million in the year-ago quarter primarily due to higher equipment sales and rentals. Total service revenues slipped to $5,322 million from $5,460 million.
The segment’s operating income was $590 million compared with $1,002 million in the year-ago quarter. Adjusted EBITDA was $3,037 million compared with $3,318 million in the prior-year quarter for respective margins of 57.1% and 60.8%.
Sprint is focused on growing revenue per customer account by selling additional devices and value-added services, including promotion of its feature-rich Unlimited Plus and Unlimited Premium rate plans. The company continues to leverage digital capabilities to transform the way it engages with customers.
As Sprint launches True Mobile 5G, it believes that a merger with T-Mobile US, Inc. (NYSE:S) is critical to accelerate the deployment of a nationwide 5G network.
Sprint has long-term earnings growth expectation of 19.6%. Driven by proper execution of operational strategies, the stock has added 15.2% compared with the Zacks Investment Research
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