NEW YORK (AP) -- Sprint is offering DirecTV customers one free year of cellphone service in a bold move aimed at the satellite TV company's new owner, AT&T.
AT&T, which bought DirecTV for $48.5 billion in July, has been promoting a video-wireless package that knocks $10 a month off a combined bill. For a single line, the value of Sprint's promotion is about $50 a month.
The offer is good for up to five lines on a single account. Each line gets 2 gigabytes of data each month and unlimited calls and texts.
It begins Friday and runs through Sept. 30.
Customers must buy or lease a new phone through Sprint and pay a one-time activation fee of $36, plus monthly taxes and surcharges. Existing Sprint customers must add a new line of service
I have been in the fitness/gym industry for over 20 years. For decades the standard was for gyms/health clubs to sign members to a year contract, (industry standard) with the obvious thought being that of longer term retention, guaranteed monies.
One health club in particular chose to buck the so called 'industry standard' by getting rid of these yearly contracts and opting for 'month to month' contracts, contacts that can be cancelled at any time usually with 30 days to 60 days notice. What followed was surprising. The retention of members on these month to month contracts (in essence no contracts) were MUCH LONGER than the retention of those members who had signed for a year and subsequently resigned to another year term. Retention from month to month contracts was twice that of those on term contracts (ie 1 year). Additionally closing ratios were much higher as customers felt much more at ease with these types of month to month contracts. Customers like to have the 'freedom' that comes with knowing they're not stuck. At the same time, providing a quality product, good service, and a fair price brings loyalty & retention.
IMO Son/Sprint is doing the right thing here.
I'M A BELIEVER! And I have been a believer now for over 5 years. Would LOVE to make a cool half million on top of what I've already made. SB sucking up more of the float only gives this stock more potential for rise. Add in 'long term cap gains tax' and Sprint's a total winner for me.. 'HOLDING TILL $25+"
Thank you for that!! So what I gather is with even less shares on the market at some point are going to greatly enable the stock price to soar once things are better aligned. Your thoughts?
Also, referencing SB needing to 'tender for the rest":
can you be more precise how something like this would be done? what's the process? what say do shareholders have? would we see the same spike as we did when talks of the T merger were taking place?
could SB manipulate the market to suppress share price to guarantee a better purchase price?
what's the likelihood of SB 'tendering for the rest'?
I've owned Sprint since 2010 and I've held long. I don't want to be forced to sell unless it's at a price I've long expected/hoped for in the event of a successful turner w/a great merger. I've always believed $20-$30 PPS in such a scenario. I don't want to be screwed out of such a reward by some SB take over. Again, your thoughts?
I'm not familiar with a 'stock buy back'. Does this mean Sprint buys a certain percentage of my shares regardless if I want to sell to them or not? I want to keep all my stock. I don't want to be forced to sell any shares.
I'm hoping that their 'buying back' stock would mean them buying shares off the open market.
Help me out here: does this mean I could be forced to sell my stock? Or rather, does this only mean they'll but shares on the open market?