About this weblog

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.

Saturday, February 12, 2011

Sprint Boosted by Acquisitions

Sprint Nextel said that its revenues in the fourth quarter of 2010 climbed 6% year-on-year to 8.3 billion US dollars. The U.S. telecoms company attributed the growth to the acquisitions of Virgin Mobile and iPCS in the fourth quarter of 2009, higher equipment revenues and prepaid service revenues.

In the quarter, Sprint Nextel increased capital expenditure to 608 million dollars, from 554 million dollars a year earlier, to improve the coverage and capacity of its mobile broadband network. source: Sprint statement

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