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Sprint posts big 4Q loss, revenue rises Sprint Nextel Corp., the...
2013-02-09 22:32:30| IT Services - Topix.net
The company's focus, and that of its investors, is on its long-term turnaround efforts rather than on short-term results.
Lagging network progress costs Sprint CEO nearly 200K shares
2013-02-09 04:46:07| Telecom - Topix.net
Sprint Nextel Corp. CEO Dan Hesse had to forfeit nearly 200,000 shares of company stock this week because the wireless carrier is behind on its 4G LTE network deployment, according to a Friday filing with the Securities and Exchange Commission .
Tags: network
costs
progress
shares
Sprint revenue rises but some customer numbers lag
2013-02-08 04:47:33| IT Services - Topix.net
A customer enters a Sprint store in Chicago. The company posted a quarterly loss of $1.32-billion compared with a loss of $1.30-billion in the year-ago quarter.
Tags: customer
numbers
revenue
lag
Sprint forecasts return to OIBDA growth in 2013
2013-02-07 16:48:00| Telecompaper Headlines
(Telecompaper) US mobile operator Sprint said it expects a return to underlying profit growth in 2012, after a continued deterioration in results in 2012. The company forecast adjusted OIBDA of 5.2-5.5 billion in 2013, after the 2012 result fell to USD 4.8 billion from USD 5.0 billion in 2011. Sprint's net loss for 2012 swelled to USD 4.3 billion, including USD 1.3 billion in Q4 alone, due to the costs of shutting down the Nextel CDMA network as well as launching the iPhone. The extra investments in launching its LTE network and new phones and services led to a 5 percent increase in group revenues over the full year to USD 35.3 billion. Mobile service revenues improved 12.2 percent year-on-year in Q4 on the Sprint platform, and the Sprint customer base rose by 683,000 in the three months to 53.54 million. However, with only about 50 percent of Nextel customers converted to Sprint, the operator had a net outflow of 337,000 customers in the quarter, and a total base of 55.63 million customers. Postpaid ARPU increased slightly from Q3, to USD 61.47. Sprint finished the year with USD 8.2 billion in cash and said it has also received USD 3.1 billion from SoftBank in a 1 percent, seven-year convertible bond related to the Japanese operator's pending takeover of Sprint. After an increase in capex to USD 1.9 billion in the fourth quarter, free cash flow was a negative USD 1.3 billion.
Tags: return
growth
sprint
forecasts
Sprint CEO: No changes in smartphone pricing expected
2013-02-07 15:28:58| CNET News.com
It appears as if Sprint's unlimited smartphone data plan remains safe. [Read more]
Tags: expected
pricing
ceo
sprint
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