AfterDawn: Tech news

Sprint reaches record subscriber number, still loses $1 billion

Written by Andre Yoskowitz (Google+) @ 12 Feb 2014 20:35

Sprint reaches record subscriber number, still loses $1 billion Sprint posted their fourth quarter earnings this week, losing money again and remaining the only major carrier in the U.S. to lose money on a regular basis.
The carrier confirmed record subscribers, 53.9 million, adding 58,000 post paid subscribers, 322,000 prepaid subscribers, and 302,000 wholesale subscribers for the quarter.

For the year, the carrier sold 5.6 million smartphones and 5.6 million for the quarter. 95 percent of postpaid customers purchased smartphones, a higher figure than rivals AT&T and Verizon.

The company lost $1 billion for the quarter, slightly better than the $1.3 billion it lost in the same quarter for 2012.

Sprint also boasted that its LTE network now covers 200 million Americans, and its Sprint Spark service, which includes LTE speeds up to 50Mbps, is now in 14 markets. The company's network is way behind AT&T, Verizon and T-Mobile's, which continue to blanket the nation.

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