Sprint Nextel has widened its loss by 47 percent to $478 million, or 17 cents per share, in the third quarter from a loss of $326 million, or 11 cents per share, in the year ago period. The company posted revenue of $8.0 billion, down 9 percent since the same period last year.
The company lost 801,000 post-paid subscribers and churn increased to 2.17 percent from 2.15 percent in the year ago period. Sprint’s ARPU stayed flat at $56 and says that it has stayed stable because of its flat-rate bundled plans.
Sprint forecasts that subscriber losses should improve this year and noted that it achieved its best net retail subscriber results in more than two years.
Sprint Nextel has widened its loss by 47 percent to $478 million, or 17 cents per share, in the third quarter from a loss of $326 million, or 11 cents per share, in the year ago period. The company posted revenue of $8.0 billion, down 9 percent since the same period last year.
The company lost 801,000 post-paid subscribers and churn increased to 2.17 percent from 2.15 percent in the year ago period. Sprint’s ARPU stayed flat at $56 and says that it has stayed stable because of its flat-rate bundled plans.
Sprint forecasts that subscriber losses should improve this year and noted that it achieved its best net retail subscriber results in more than two years.
