Customers avoid Sprint in 1Q as suitors circle

Apr 24, 2013 by Peter Svensson

(AP)—The flow of new customers to Sprint stopped in the latest quarter, even as the company weighs the offers of two corporate suitors.

Corp. says it added a net of just 12,000 customers to its Sprint brand in the quarter, and it would have lost 252,000 if it weren't for Nextel customers moving over now that their network is being shut down.

Still, the company narrowed its net loss in the quarter to $643 million, or 21 cents per share, from $863 million, or 29 cents per share, a year ago.

Revenue edged up 0.7 percent to $8.79 billion.

Sprint has agreed to sell 70 percent of itself to Japan's ., but last week got a competing offer from Corp.

Explore further: Lenovo wraps up purchase of Motorola phone unit

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Sprint loss widens on Nextel, iPhone lifts sales

Apr 25, 2012

(AP) -- The impending shutdown of the Nextel network doubled Sprint Nextel Corp.'s loss in the first quarter, it said Wednesday, as it wrote down the value of the network and subscribers kept leaving it.

Sprint posts big 4Q loss, revenue rises

Feb 07, 2013

Sprint Nextel, the country's third largest wireless carrier, says it lost $1.3 billion in its fourth quarter, about the same as a year ago, as it revamped its network for a comeback versus bigger competitors.

Sprint Nextel slows subscriber loss in 4th quarter

Feb 10, 2010

(AP) -- Sprint Nextel says its subscriber losses slowed in the fourth quarter, an encouraging sign for the wireless carrier that has lost millions of customers over the past few years.

Clearwire 1Q revenue drops from 4Q on Sprint deal

Apr 26, 2012

(AP) -- Clearwire Corp., which runs a wireless data network, on Thursday reported its first drop in quarter-over-quarter revenue, as a new deal with major customer Sprint Nextel Corp. kicked in.

Recommended for you

Lenovo wraps up purchase of Motorola phone unit

2 hours ago

Lenovo Group announced the completion of its acquisition of Motorola Mobility from Google Inc. on Thursday in a move aimed at making the Chinese computer maker a global smartphone brand.

Baidu profit up 27 percent as mobile grows

5 hours ago

Chinese search engine Baidu Inc. said Thursday its quarterly profit rose 27 percent as user traffic for its mobile operation surpassed passed its desktop computer-based search business.

Samsung vows changes after mobile profit plunges

6 hours ago

Samsung Electronics Co. admitted erring in its smartphone strategy and vowed Thursday to overhaul its handset lineup after profit from those devices tumbled last quarter to the lowest in more than three years.

WhatsApp founders own nearly $9B in Facebook stock

6 hours ago

WhatsApp founders Jan Koum and Brian Acton received 116 million shares of Facebook stock currently worth nearly $9 billion when they sold their unprofitable messaging service to the social networking leader earlier this month.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.