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Wireless

Sprint adds 1.1 million net customers in Sept quarter

Tuesday 3 November 2015 | 14:24 CET | News

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Sprint added 1.1 million net customers in its second fiscal quarter, compared to 590,000 in the first quarter, as it recorded a low postpaid churn and saw growth in postpaid customers for the first time in more than two years. CEO Marcelo Claure said the quarter marked an inflection point in the company's turnaround strategy. The operator reported USD 8 billion of net operating revenue, down 6 percent on the year-earlier period. Adjusted EBITDA grew by 45 percent in a year to USD 2 billion in the quarter, as cost cuts more than offset the falling service revenue. Sprint improved its bottom

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Categories: Mobile & Wireless
Companies: Sprint
Countries: United States
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