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Wireless

Sprint loses customers in Q3

Wednesday 30 October 2013 | 12:15 CET | News
Sprint reported a net profit of USD 383 million for the third quarter, reversing a loss of USD 767 million a year earlier. The result benefited from a one-time gain of USD 1.4 billion on a write-up of its investment in Clearwire and also included pre-tax expenses of USD 217 million for its takeover by Softbank and its acquisition of the rest of Clearwire. Adjusted EBITDA improved 5 percent year-on-year to USD 1.34 billion, helped by service revenue growth at the Sprint brand and the shutdown of the Nextel platform. The Sprint platform lost a net 95,000 customers in the three months, as growth

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Categories: Mobile & Wireless
Companies: Clearwire / Nextel / Softbank / Sprint / US Cellular
Countries: United States
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