Sprint is planning to make significant investments in the public and federal sectors as part of its renewed commitment to the segments, the fourth largest wireless carrier in the country announced earlier this month. The bulk of the company's push will come in the form of new and revised solutions that Sprint is describing as being highly convergent in nature, spanning everything from the Internet of Things and security offerings to wireline and wireless services. Smart buildings will be one of the company's focus points, with Sprint having plans to accelerate the creation of an entirely new generation of buildings equipped with high-end sensors and (partially) managed by artificial intelligence solutions. The ultimate goal of the venture is to provide public and federal sectors with a significantly more energy-efficient and environment-friendly facilities, Sprint suggested.
Mobility services are also on the firm's radar, with the network operator reiterating its commitment to making transportation more flexible and cost-effective by leveraging its existing technological portfolio. The project is closely related to its fleet management and asset tracking solutions that will be revised and pitched to government agencies and the general public in the near future. On the cloud computing side of its business, the Overland Park, Kansas-based company is seeking to improve the security of its platform and work on its scalability, thus making it more accessible to all types of agencies and organizations with the ultimate goal of offering contemporary cloud services with a significantly lower cost of entry. Sprint is also seeking to assist Washington in its efforts to digitalize its bodies in a relatively swift manner, the telecom giant said, without providing more details on the matter. Its support for the Fisher House Foundation securing housing for veterans and their families will continue going forward, with Sprint vowing to donate $30 to the organization for every new veteran and military service subscriber account activated through the nonprofit entity.
The company has a relatively rough year behind it despite showing some signs of reinvigorating its operations, most of which were met with a lukewarm response from investors and analysts due to the fact that Sprint spent the majority of 2017 working on a merger with T-Mobile which ended up falling through. Not counting for the one-time boost provided to the firm by the major corporate tax reform enacted by the Congress late last year, Sprint concluded the final quarter of 2017 with a bottom line that's "only" $60 million in the black.