Sprint had two pretty big announcements today, one of which they hope everyone catches wind of and another they hope is quickly forgotten about. Lets start with the bad news first. Sprint, despite being the third largest wireless carrier in the United States, posted a loss of $29.5 billion for the fourth-quarter. Stock holders definitely can’t be happy since today they hit their 52-week low at $7.75!
Instead of just sitting there and taking a beating Sprint decided that today would be a good day to launch what’s dubbed as the $99 Simply Everything plan. With it users get unlimited voice, messaging, data, Direct Connect, GPS navigation, and more. This announcement comes after other carriers, such as Verizon, began offering similar plans for more money. Sprint definitely has the competitive edge right now.
With Sprint’s fast 3G network this is quite a steal, but before jumping on their bandwagon you might want to know that the price does not include tethering of a device so that it can be used as a modem. Here are some of the things that I found when reading the fine print:
Sprint may terminate service if a majority of minutes or a majority of kilobytes in a given month are used while roaming. Services are not available for use as a modem, in connection with server devices or host computer applications, other systems that drive continuous heavy traffic or data sessions, or as substitute for frame relay connections.
The plans are supposed to start appearing on their site starting today, and we’ll have to see if that will pull them deep out of the negatives for next quarter!