news


1.3M Subs Leave Sprint in Q4, Losses Total $1.62B

Sprint Nextel Corp.’s (S) fourth-quarter lost more subscribers and sales came in lower than Wall Street analysts expected, although the service provider did manage to narrow its losses.

Sprint, the country’s third-largest wireless carrier, lost 1.3 million customers; 1.1 million of them were coveted post-paid users. So as subscribers defected, revenue fell – by 14 percent, in fact, to $8.43 billion. Analysts polled by Thomson Reuters had projected $8.55 billion in sales.

Meanwhile, Sprint reported an overall net loss of $1.62 billion, or 57 cents a share, compared to net loss of $29.45 billion, or $10.36 a share, a year earlier.

This set of earnings included a $1 billion goodwill write-down; last year’s results included $29.7 billion in writedowns from the Nextel merger.


Leave a comment

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Polls

In our Channel Influencer Awards digital issue, we highlighted eight technologies ready to "take off" in the channel this year. Which two will take off the most?

View Results

Loading ... Loading ...
The ID is: 77927