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What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Wednesday, July 28, 2010

Sprint Shrinks Only Slightly

Sprint Nextel said that its operating revenues fell 1% year-on-year in the second quarter of 2010 to 8.03 billion US dollars, as its wireline and postpaid wireless service revenues declined. It said the impact of these declines was partially offset by the impact of fourth quarter 2009 acquisitions, prepaid Boost service revenues and total equipment revenues.

Sprint said it gained approximately 111,000 net subscribers in the second quarter, taking its total base to 48.2 million. Sprint's capital expenditures were 437 million dollars in the quarter, compared to 321 million dollars in the second quarter of 2009.. source: Sprint Nextel statement

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