Losing customers and market share, Sprint-Nextel reported a 12% year-on-year fall in consolidated net operating revenues to 8.2 billion US dollars for the first quarter of 2009.
Capital expenditure amounted to 291 million US dollars in the quarter, compared to 1.4 billion dollars in the first quarter of 2008, which included 236 million dollars in non-recurring spending related to the deployment of WiMAX prior to the closing of the Clearwire transaction.
Sprint said that the ARPU it earns from CDMA data services increased about 5% from the fourth quarter, to more than 18 dollars and data services now represent more than 31% of total CDMA ARPU.
Anticipating a further shift towards prepaid services in the U.S., Sprint Nextel forecast that it will lose less wireless customers in 2009 than in 2008 and that full-year capital expenditures in 2009 will be consistent with 2008 levels, excluding WiMAX. source: Sprint-Nextel statement