Sprint, one of the largest mobile operators in the U.S., reported first quarter revenues of approximately 8.3 billion US dollars, which is a 3% increase from the same quarter a year ago. Sprint said the year-over-year improvement "was primarily due to higher ARPU for postpaid and prepaid, growth in the number of prepaid subscribers and higher wireless equipment revenues, partially offset by net losses of postpaid subscribers and lower wireline revenues."
Sprint said that capital expenditures amounted to 555 million dollars in the quarter, compared to 419 million dollars in the first quarter of 2010. Sprint said it has now launched or announced 22 "4G devices" and offers "4G service" in 71 markets in 28 states. Sprint uses WiMAX to provide its "4G services", which it says are "up to 10x faster" than 3G services running at 600 Kbps. source: Sprint statement
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