Sprint Corporation (NYSE:S) Stock Rose By 2.96%


Dallas, Texas 11/19/2013 (Financialstrend) – Sprint Corporation (NYSE:S), the3rd- largest telecom carrier in the United States is providing its customers credit that is worth up-to $300 in lieu of an older phones under the company’s Sprint Buyback Program. Keeping environmental and financial benefits of phone-recycling in focus, Sprint Corporation (NYSE:S) is offering customers a minimum-credit of $20.00 in lieu of any phone irrespective of its condition & carrier. Sprint Corporation (NYSE:S)’s objective is to benefit from the current trend of selling the certified and pre-owned handsets at nominal-prices. This is proving to be a win-win situation for customers as well as for the company.

As far as the phone recycling market is concerned, Sprint Corporation (NYSE:S) continues to be at the fore and has repurchased 50M used phoned since its 2001 launch of its Sprint Buyback Program. It had generated savings in the range of $100M for its customers. In 2012, Sprint Corporation (NYSE:S) reclaimed 4.4M handsets while other dominant carriers like AT&T & Verizon Communications had reclaimed 3.1M  and 3M phones respectively. Taking the rise in e-waste, into consideration, that is caused by discarded mobile handsets, phone-recycling has now mandatory as far as end-life management is concerned.

This will go a long way  in curtailing the waste & protecting environmental factors. It has now become the responsibility of mobile carriers like Sprint Corporation (NYSE:S), to support the cause and also generate some value by recycling the reusable older devices.

Monday’s trading

In Monday’s trading session, Sprint Corporation (NYSE:S) rose by 2.96%. The shares opened at a price of $7.44, which touched the intraday high of $7.80 and headed to a close of $7.64. Around 31.64 million exchanged hands over the trading day and an average volume of 17.54 million shares were traded over a 30 day period. The 52-week low of Sprint Corporation (NYSE:S) shares is $5.15 and its 52-week high is $7.80. The company has a market capitalization of $29.18 billion.