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Sprint Lowers Its Fiscal 2018 Capex Guidance

Sprint Lowers Its Fiscal 2018 Capex Guidance

Sprint (S) has been continuously spending to enhance its network. In the second quarter of fiscal 2018 (ended in September), Sprint’s cash capital expenditure (excluding leased devices) rose YoY (year-over-year) to $1.3 billion from $0.7 billion, mainly driven by higher spending on Next-Gen Network initiatives.