0
Wireless

Sprint results up in Q3 but customer numbers fall

Wednesday 31 October 2018 | 14:30 CET | News
Sprint reported another strong increase in EBITDA for its fiscal second quarter to September and raised its annual forecast again, driven by cost reductions and higher hardware revenues. The company said it returned to underlying growth in wireless service revenue for the first time in nearly five years, excluding the impact of the new revenue-recognition accounting standards. However, its customer base was down by 20,000 compared to June, as losses at wholesale and reseller customers offset a net increase of 95,000 in retail subscribers. 

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Sprint
Countries: United States
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Sprint says more challenges ahead after quarterly loss, service revenues down 3.6%

Published 08 May 2019 09:05 CET | United States
Sprint reported a net loss of USD 2.17 billion for its fiscal fourth quarter to March, hurt by an impairment charge of USD 2 ...

T-Mobile, Sprint to set up and expand customer experience centres after merger, creating over 5,000 jobs

Published 30 Jan 2019 21:10 CET | United States
T-Mobile US and Sprint have laid out some concrete hiring plans post merger. The companies said they will then build five new ...

T-Mobile, Sprint merger gets US national security clearance

Published 18 Dec 2018 08:38 CET | United States
T-Mobile US CEO John Legere expressed satisfaction with the "milestones" and said he looks forward to continuing discussions with ...

Softbank profits surge on investments, telco business shows steady growth

Published 05 Nov 2018 12:58 CET | Japan
Softbank reported another surge in net profit for its fiscal first half to September, with the result jumping 719 percent to JPY ...

T-Mobile US posts new record highs in Q3, boosted by 1.63 mln customer additions

Published 31 Oct 2018 10:00 CET | United States
After a stellar second quarter, T-Mobile US said revenues and adjusted EBITDA for the third quarter again reached record highs, ...

Sprint continues customer growth, revenues still lower in Q2

Published 01 Aug 2018 14:13 CET | United States
Sprint said it's on track to return to mobile service revenue growth by year-end, after reporting its first sequential growth in ...