Friday, April 27, 2012

Sprint adds 263,000 subscribers, posts $255 million operating loss, watches LTE start to flicker on

Sprint

Sprint this morning announced its Q1 2012 earnings. The big strokes are that it added 263,000 postpaid subscribers but posted a $255 million operating loss. (A little less than half of that was for in operating costs for its new "Network Vision" strategy. You have to spend money to make money.)

Sprint now boasts more than 56 million customers (32.8 million postpaid, and 15.3 million prepaid. Churn was up slightly at 2 percent. 

And, yes, Sprint sold some iPhones -- some 1.5 million.

What we're really interested in, of course, is Sprint's LTE rollout. It's still set to have six LTE cities running by  mid-year, and more than 12,000 sites (different than citites) by the end of the year.

Source: Sprint



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