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Sprint Won't Join 2016 Airwave Auction, Saying Network Is Ample

  • Chief executive calls for focus on improving market position
  • Fourth-biggest U.S. phone carrier coming off debt downgrade

Sprint Corp. said it won’t take part in a U.S. government airwaves auction, saying its spectrum holdings for current and future customers are “sufficient.”

The company, based in Overland Park, Kansas, said Saturday in a statement that it will bolster coverage within its existing network. The Federal Communications Commission plans next year to auction frequencies that travel far and penetrate buildings, and so are particularly well suited to meeting soaring demand from smartphones.