The main reason is so I can focus on securing regulatory approval of the Merger, which is the most important goal for optimizing shareholder value. In addition, I was appointed chief operating officer of Soft Bank Group Corp.
Michel focuses day-to-day on executing our stand-alone plan, leveraging 25 years of experience in the telecom industry both in the U. and will work with the Soft Bank Group companies to introduce them to Sprint and the combined company to deliver new business models.
The remarkable improvement in profitability was propelled by the transformation of our cost structure as fiscal 2017 marked the fourth year in a row of at least $1 billion of net reductions in cost of services and selling, general and administrative expenses.
Furthermore, we delivered positive adjusted free cash flow, despite a nearly 70% increase in network capex.
With this roaming agreement, Sprint customers will have access to the Sprint and the T-Mobile networks, meaning access to the best of both companies.
We are deploying innovative 5G technologies such as massive MIMO as we prepare to launch the first mobile 5G network in the first half of 2019.
The 2.5GHz band is the “sweet spot” for 5G as our mid-band frequency spectrum provides a balance of coverage, capacity, and speed to deliver mobile 5G.
With more than 160MHz of 2.5GHz spectrum available in the top 100 U. markets, Sprint has the largest nationwide block of sub-6 GHz 5G spectrum available.
By building a strong foundation on LTE, we then pave the way for a robust 5G network to take the customer experience to a whole new level.
We built good momentum in our Next-Gen Network deployment in fiscal 2017.