Sprint has lost more than half a million subscribers and prepaid customers in the last three months, it has revealed
in its latest quarterly financial report. Despite the reduction in customers, the company still managed to achieve a consolidated operating income of $420 million in the quarter, which the carrier claims is its best performance in over seven years, though it is still operating at a loss.
At the end of the quarter, Sprint served over 53 million users, with postpaid numbers being up 16 percent year-on-year. It reports a net loss of 231,000 postpaid customers due to "service disruption associated with the company's ongoing network overhaul," and lost 364,000 prepaid. Last quarter
, Sprint celebrated its highest ever subscriber count of 53.9 million. Smartphone sales were just under 5 million in the quarter, and represents 84 percent of total smartphone sales in the period.
Sprint's Framily plan
, a group plan that supports up to ten people, is being heralded as a success, with more than 3 million subscribers using it. CNET reports CEO Dan Hesse told an investor conference call that Framily is "the company's fastest growing rate plan on record," adding 1 million subscribers in less than 40 days.
The $420 million income is countered by a quarterly net loss of $151 million, which it claims to be a 77-percent improvement on the first quarter of 2013. Revenues for the period increased by less than one percent to $8.88 billion.