Sprint Returns to Junk Bonds for Latest Turnaround Plan

The video discusses Sprint's financial challenges, highlighting its status as a major junk bond issuer with over $30 billion in debt. Sprint seeks additional funding for 5G technology, causing concern among investors due to increased debt. Despite raising more than expected, Sprint's bonds sold off, indicating investor skepticism. The video also touches on Sprint's business struggles, including competition with T-Mobile and the impact of price cuts on margins. It concludes with the broader financial challenges faced by junk-rated telecom companies needing capital for infrastructure upgrades.

What is the sentiment of investors towards Sprint's bonds?

What impact does lowering prices have on Sprint's business?