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-   -   Sprint loses 595,000 customers, claims seven-year financial high (http://forums.macnn.com/113/tech-news/510062/sprint-loses-595-000-customers-claims/)

 
NewsPoster Apr 29, 2014 01:20 PM
Sprint loses 595,000 customers, claims seven-year financial high
Sprint has lost more than half a million subscribers and prepaid customers in the last three months, it has <a href="http://macnn.com/rd/308740==http://newsroom.sprint.com/news-releases/sprint-reports-results-for-the-quarter-ended-march-31-2014.htm" rel='nofollow'>revealed</a> 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. <br />
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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. <a href="http://macnn.com/rd/308738==http://www.electronista.com/articles/14/02/11/sprint.claims.539m.subscribers.56m.smartphone.sale s/" rel='nofollow'>Last quarter</a>, 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. <br />
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Sprint's <a href="http://macnn.com/rd/308739==http://www.electronista.com/articles/14/01/08/framily.plan.puts.cost.per.person.on.sliding.scale/" rel='nofollow'>Framily plan</a>, 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. <br />
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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.
 
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