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Fly News Breaks for October 20, 2015
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Oct 20, 2015 | 07:16 EDT
Wells Fargo expects Sprint to report positive postpay adds for Q2. The firm believes that the Street is not adequately discounting the improvements the company has made to its network, while concerns about its liquidity are "overblown." Wells adds that some bears question Softbank's commitment to Sprint, but Wells points out that Softbank on 9/30 disclosed that it owns 84.3% of Sprint's total outstanding shares, up from 81.9% on 8/19. Wells keeps an Outperform on Sprint.
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