The Latest in IT Security

Sprint operating loss widens in Q3 as subscribers continue to head elsewhere

30
Oct
2013

Sprint on Wednesday morning reported results for the third quarter, marking the first time the company posted earnings results since being acquired by Japanese carrier SoftBank. The carrier managed to post combined quarterly net income of $383 million but its operating loss for the third quarter widened to $398 million as subscribers continued to drop its services and head to rival carriers. Sprint’s operating loss in the year-ago quarter was $231 million. Sprint reported a loss 360,000 Sprint contract customers and net subscriber losses totaled 313,000 in the quarter thanks to additions elsewhere in the carrier’s portfolio. It’s not all doom and gloom, however, as Sprint managed to rack up a record $7.3 billion in wireless service revenue, Sprint platform

Tags:  
Comments are closed.

Categories

FRIDAY, APRIL 19, 2024
WHITE PAPERS

Mission-Critical Broadband – Why Governments Should Partner with Commercial Operators:
Many governments embrace mobile network operator (MNO) networks as ...

ARA at Scale: How to Choose a Solution That Grows With Your Needs:
Application release automation (ARA) tools enable best practices in...

The Multi-Model Database:
Part of the “new normal” where data and cloud applications are ...

Featured

Archives

Latest Comments