{"id":546647,"date":"2010-04-29T01:48:26","date_gmt":"2010-04-29T05:48:26","guid":{"rendered":"tag:contentnext.com,2010-04-28:article\/419-sprint-trending-in-the-right-direction-despite-continuing-subscriber-lo"},"modified":"2010-04-29T01:48:26","modified_gmt":"2010-04-29T05:48:26","slug":"sprint-trending-in-the-right-direction-despite-continuing-subscriber-losses","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/546647","title":{"rendered":"Sprint Trending In The Right Direction Despite Continuing Subscriber Losses"},"content":{"rendered":"

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\n\t\t\t\t\t\t\t\t\t\"Sprint's
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Sprint (NYSE: S<\/a>) Nextel said it continued to lose subscribers in the first quarter, but at only 75,000 departures, it represents the best year-over-year improvement in five years.<\/p>\n

The company achieved the best subscriber results since 2007, driven by the addition of 348,000 net prepaid subscribers on both the Boost Mobile and Virgin Mobile (NYSE: VM<\/a>) brands. At the end of the quarter, the company had 48.1 million customers. Sprint Nextel CEO Dan Hesse: “Sprint’s first quarter results, including increased net operating revenues and significant year-over-year net post-paid subscriber improvements show we continue to make progress in improving the business.”\n<\/p>\n

The company recorded revenues of $8.09 billion, which is on par with the year ago period’s revenues of $8.2 billion. The company’s net loss totaled $865 million, or 29 cents a share, which is wider than the net loss a year ago, but when you take away a non-cash charge of $365 million, the company would have lost 17 cents a share, which beats the 21 cent loss a year-ago.<\/p>\n

Other results:<\/p>\n

—In Q1, post-paid churn was 2.15 percent, an improvement over 2.25 percent in the year-ago period. <\/p>\n

—In Q1, prepaid churn was 5.74 percent, compared to 6.86 percent in the year-ago period. <\/p>\n

—The forecast: Sprint Nextel expects that both post-paid and total subscriber losses will continue to improve during the rest of the year. The company still expects capital expenditures in 2010 to be $2 billion and to generate positive Free Cash Flow during the remainder of 2010.\n<\/p>\n

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Sprint (NYSE: S) Nextel said it continued to lose subscribers in the first quarter, but at only 75,000 departures, it represents the best year-over-year improvement in five years. The company achieved the best subscriber results since 2007, driven by the addition of 348,000 net prepaid subscribers on both the Boost Mobile and Virgin Mobile (NYSE: […]<\/p>\n","protected":false},"author":2853,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-546647","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/546647","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/2853"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=546647"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/546647\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=546647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=546647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=546647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}