Strong Quarterly Results Posted for Sprint
This is a discussion on Strong Quarterly Results Posted for Sprint within the Android News forums, part of the Android.net category; Good news for Sprint users. The company just posted one of their strongest quarters in the past five years. Sprint had its best ever fourth ...
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Strong Quarterly Results Posted for Sprint
Good news for Sprint users. The company just posted one of their strongest quarters in the past five years. Sprint had its best ever fourth quarter prepaid net subscriber additions of 646,000. They also had postpaid churn of 1.86 percent which was the best postpaid churn result Sprint has reported in the fourth quarter of any year. Here's a quote from the press release,
“I am pleased with the progress Sprint made in 2010 in each of our three focus areas. Sprint’s customer experience and brand continued to strengthen during the year, and we generated excellent cash flow,” said Dan Hesse, Sprint CEO. “It had been almost five years since we added over a million customers in a quarter, and the annual improvement in postpaid subscriber results of 2.7 million vs. the previous year is unprecedented in the history of the U.S. wireless industry.”
It's nice to see Sprint growing and improving. In 2010, Sprint added more than 1.6 million prepaid subscribers to its networks and now serves 12.3 million prepaid subscribers. It may not be at an alarming rate, but it's great news regardless, especially for investors. The full press release is very lengthy. For full reference hit the source link below.
Source: Sprintdroids via Sprint - Sprint Nextel Reports Fourth Quarter and Full Year 2010 Results
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