Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Deutsche Bank Lowers Sprint PCS to 'Sell'

Deutsche Bank downgraded Sprint PCS (PCS) to sell from hold.

Analyst Viktor Schvets says the wireless industry is undeniably back on investors' radar screens, up by 56% since March 11, fed by a stream of positive news and expectations of record results in the second quarter. However, Schvets says the wireless industry faces an extremely challenging environment, including the introduction of number portability in November, which will allow people to keep the same phone numbers when changing wireless carriers. This should halt positive trends in churn and margins for at least three quarters, Schvets says.

With six national wireless players, and an abundance of of regional carriers, Schvets thinks the sector has a suboptimal structure that is not easily solved via consolidation, which should restrict expansion in margins.

blog comments powered by Disqus