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Wireless

Sprint moves to net profit, customer losses slow

Wednesday 30 July 2014 | 15:29 CET | News
Sprint reported a continued improvement in profits for the second quarter, while slowing the loss of mobile customers. The US operator posted a net profit of USD 23 million, compared to a loss of over USD 1.7 billion a year ago, and adjusted EBITDA improved to USD 1.83 billion from USD 1.40 billion. Mobile revenues showed a small increase to USD 8.19 billion, helped by nearly 5 million smartphones sold. This offset a drop in service revenues and the shutdown of the Nextel platform. Sprint lost a net 334,000 customers in the quarter, down from over 2 million in the year-earlier period. This

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