Final iDEN shutdown and Network Vision investments continue to hurt the bottom line
Sprint has posted its Q2 2013 earnings, and amidst a whole bunch of changes for the nation's third-largest carrier it has a big of a mixed bag in terms of earnings. Here are the highlights for Sprint this quarter:
- $8.87 billion operating revenues, up slightly year-over-year
- $1.6 billion net loss and $874 operating loss for the quarter
- $7.2 billion in wireless service revenue, up 8-percent y-o-y
- Record high postpaid ARPU of $64.20
- Net postpaid subscriber additions for the 13th consecutive quarter
In terms of income, it's just more of the same for Sprint -- big losses and basically stable revenues quarter-over-quarter. Much of the losses can be attributed to extra costs with its Network Vision projects and shutdown of the iDEN network, but in the end Sprint just isn't pulling in enough revenue to be profitable and it's far from that break-even point.
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Source: http://feedproxy.google.com/~r/androidcentral/~3/my1EqpZMLJ4/story01.htm
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