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: IBM buys small Denver startup AlchemyAPI to expand Watson

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

Visa, MasterCard moving into mobile pay in Africa

Mar 03, 2015

Americans may just be getting used to mobile pay, but consumers in many African countries have been paying with their phones for years. Now payment processors Visa and MasterCard want to get a slice of that market, and are ...

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.