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Sprint Turns up 4G LTE in 41 More Locations, Expands LTE Coverage to 151 Markets
2013-07-30 17:32:20| Telecom - Topix.net
Customers in these areas can make the most of seasonal fun by sharing videos of music festivals, quickly accessing the Internet, playing the hottest games, and posting summertime photos.
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locations
markets
coverage
Sprint feels pain of Nextel close, widens 2Q loss
2013-07-30 17:17:49| Wireless - Topix.net
Sprint Corp., the ailing No. 3 of the U.S. wireless business, has had the surgery.
Sprint reports $1.6B net loss as it shuts down Nextel platform
2013-07-30 13:36:55| InfoWorld: Top News
Sprint Nextel made a net loss of $1.6 billion for the second quarter, swollen by the cost of shutting down its Nextel wireless network, but the company is more optimistic about future profitability. The net loss was 16 percent higher than the $1.37 billion reported a year earlier, and included a $430 million charge for accelerated depreciation of Nextel network assets, and $623 million of other charges related to the network shutdown. Revenue totalled $8.88 billion, almost unchanged from a year earlier.
Tags: net
reports
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platform
Sprint grows Q2 revenue to USD 8.88 billion
2013-07-30 09:22:00| Telecompaper Headlines
(Telecompaper) US mobile operator Sprint reported USD 8.88 billion of revenues in the second quarter, compared to USD 8.84 billion a year earlier. The company's operating loss widened to USD 874 million from USD 629 million in the second quarter of 2012. It recorded a pretax loss of USD 1.54 billion, versus USD 1.35 billion in the year-earlier quarter. Sprint Nextel made a USD 1.6 billion net loss in the second quarter (USD 0.53 loss per share), including approximately USD 430 million of depreciation and USD 623 million of non-cash charges related to the Nextel platform shutdown. Sprint had 53.38 million mobile customers at the end of June, including 30.45 million postpaid, 15.22 million prepaid and 7.71 million wholesale and affiliate subscribers. The Nextel platform was shut down on 30 June, with a postpaid Nextel recapture rate of 34 percent.
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Sprint loss, customer defections worsen amid Nextel network shutdown
2013-07-30 02:00:00| Total Telecom industry news
Second quarter saw U.S. operator lose 1.05 million contract, 761,000 prepaid customers.
Tags: customer
network
loss
sprint
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