Sprint Nextel has reported its Q2 results with company reported to have accumulated net loss of $760 million compared to last year’s $384 million for the same quarter. The wireless carrier also witnessed 1.4 percent decline in sales which from last year’s $8.141 billlion declined to $8.025 billion. However, the good news is that the carrier has added 111,000 new wireless subscribers in the quarter; a growth in its total number of subscribers. It is reported the Sprint has first time witnessed the growth in number of subscribers in past three years. Buoyant demand of RIM BlackBerry Curve 8530 and first 4G android handset HTC EVO 4G has led company to post growth in its total number of subscribers with company to have added 136,000 new postpaid subscribers to its CDMA network while 285,000 over its Sprint brand. Reported to have witnessed lowest ever subscriber churn rate, for the quarter ended company’s churn rate was 1.85 percent compared to last year’s 2.05 percent for the same quarter. Sprint’s churn rate for the prepaid customer was 5.61 percent; a clear decline from last year’s 6.38 percent.
Sprint had earlier introduced the first 4G Android handset HTC EVO 4G in second quarter in US. The wireless carrier has expanded its expanded its 4G service in eight new markets in the same quarter covering total of 43 market and potentially 51 million people across US. Expecting to cover around 120 million people by the end of year along with wireless carrier’s 4G partner Clearwire to have already deployed 4G network in Boston, New York, San Francisco and Washington DC.
The customer satisfaction index of company also witnessed improvement with wireless carrier recently winning awards and accolades from Gartner, Forrester, and the American Customer Satisfaction Index.
Via: CNET