Sprint losses double after brand writedown

Thursday 5 February 2015 | 14:40 CET | News
US operator Sprint reported an operating loss of USD 2.54 billion for its fiscal third quarter to December, hurt by impairment charges to write down the value of its brand name and wireline assets. The net loss widen to USD 2.38 billion from USD 1.04 billion a year earlier. The operator's adjusted EBITDA fell by 10 percent year-on-year to USD 1.04 billion, as its turnaround efforts have yet to pay off in the mobile market. Revenues fell 2 percent to USD 8.97 billion, as growth in hardware sales offset a continued fall in mobile service revenues. Sprint managed a net gain of 30,000 postpaid

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