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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.

Monday, November 1, 2010

Acquisitions Shore Up Sprint

Last week, Sprint reported a 1% year-on-year increase in revenues to 8.15 billion US dollars in the quarter ending September 30th thanks to "fourth quarter 2009 acquisitions (Virgin Mobile), equipment revenues, and prepaid Boost service revenues, partially offset by lower postpaid wireless service revenues and wireline revenues."

Sprint said capital expenditures were 462 million dollars in the quarter, compared to 431 million dollars in the third quarter of 2009. Sprint said it launched its WiMax service in 19 new cities during the quarter, including Boston, Orlando and Nashville, so it now covers 55 markets. Sprint said it expects WiMax coverage to reach up to 120 million people by the end of 2010, including a deployment in New York on Nov. 1. In December, Sprint plans to launch WiMAx services in Los Angeles, Miami and San Francisco, among others.source: Sprint statement

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