Sprint reports higher post-paid subscriber additions but still hit with net lossSprint has reported its latest financial numbers for the first quarter of fiscal year 2016. While the wireless carrier stated it had the highest post-paid subscriber additions for the quarter in nine years, it still had a net loss of $302 million, which was bigger than the $20 million it lost from the same period a year ago. The company recorded operating revenues of $8 billion during the quarter.
Sprint stated that its first quarter post-paid subscriber additions of 173,000 represented the fourth consecutive quarter it had seen positive net additions. It also saw a postpaid phone churn of 1.39%, which it said was the best in the company history. Sprint had a total of 377,000 net additions to its service during the quarter.
Press release
Sprint Reports Highest First Quarter Postpaid Phone Net Additions in Nine Years, Lowest Ever Postpaid Phone Churn, and Postpaid Net Port Positive Against All Three National Carriers with First Quarter of Fiscal Year 2016 Results
Postpaid phon...
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Sprint reports higher post-paid subscriber additions but still hit with net loss
