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AP

Sprint said it added 42,000 monthly subscribers in the first quarter of 2017 and continued to cut costs to narrow its losses, which it says gives the company the luxury of being patient when evaluating potential merger partners.

The No. 4 national wireless carrier has struggled to compete against larger rivals, fueling speculation that it will seek to merge with No. 3 carrier T-Mobile now that the FCC's quiet period for M&A discussions has ended.

  • Open to M&A: Softbank's Masayoshi Son, who is Chairman of Softbank-owned Sprint, said he is open to many different options in terms of mergers or acquisitions, but stressed that Sprint is operating self-sufficiently and is "not in a rush."
  • More spectrum, less spending: Sprint said it spent the lowest in terms of capital expenditures of its competitors. It has a large amount of high-band spectrum that will be key to building out 5G service on a network with millions of cell sites to create more additional capacity for mobile broadband.
  • Fierce 5G competition: 5G is the next wireless frontier and all four major national carriers are tackling it differently with their various spectrum holdings. AT&T and Verizon are testing out a home-broadband-like service and both are trying to buy more high-band spectrum for 5G offerings. T-Mobile spent $8 billion to buy spectrum at an FCC auction to build out it's own 5G network.

Go deeper

Off the Rails

Episode 5: The secret CIA plan

Photo illustration: Aïda Amer, Sarah Grillo/Axios. Photo: Zach Gibson/Getty Images

Beginning on election night 2020 and continuing through his final days in office, Donald Trump unraveled and dragged America with him, to the point that his followers sacked the U.S. Capitol with two weeks left in his term. This Axios series takes you inside the collapse of a president.

Episode 5: Trump vs. Gina — The president becomes increasingly rash and devises a plan to tamper with the nation's intelligence command.

In his final weeks in office, after losing the election to Joe Biden, President Donald Trump embarked on a vengeful exit strategy that included a hasty and ill-thought-out plan to jam up CIA Director Gina Haspel by firing her top deputy and replacing him with a protege of Republican Congressman Devin Nunes.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Health: CDC director defends agency's response to pandemic — CDC warns highly transmissible coronavirus variant could become dominant in U.S. in March.
  2. Politics: Empire State Building among hundreds to light up in Biden inauguration coronavirus tribute.
  3. Vaccine: Fauci: 100 million doses in 100 days is "absolutely" doable.
  4. Economy: Unemployment filings explode again.
  5. Tech: Kids' screen time sees a big increase.

Biden Cabinet confirmation schedule: When to watch hearings

Joe Biden and Kamala Harris on Jan. 16 in Wilmington, Delaware. Photo: Angela Weiss/AFP via Getty Images

The first hearings for President-elect Joe Biden's Cabinet nominations begin on Tuesday, with testimony from his picks to lead the departments of State, Homeland and Defense.

Why it matters: It's been a slow start for a process that usually takes place days or weeks earlier for incoming presidents. The first slate of nominees will appear on Tuesday before a Republican-controlled Senate, but that will change once the new Democratic senators-elect from Georgia are sworn in.

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