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Wireless

Sprint posts Q3 loss as service revenues fall, capex doubles

Thursday 31 January 2019 | 15:40 CET | News
Sprint reported a modest improvement in customer numbers for its fiscal third quarter to December, driven largely by connected devices. Continued promotions to win over customers appear to be weighing on ARPU, and increased costs for equipment sales, financing and network investment left the company with a net loss and negative adjusted free cash flow for the period. Adjusted EBITDA still improved, and Sprint maintained its EBITDA growth outlook for the full fiscal year. 

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