Sprint Nextel Corp. has announced their Q4 results, showing 58,000 net subscriber gains, better customer retention, and 1.1 million wireless subscriber additions.
The fourth-quarter loss narrowed to $929 million, or 31 cents a share, from $980 million, or 34 cents, a year earlier, the Overland Park, Kansas-based carrier said in a statement today. Sales rose 5.5 percent, exceeding analysts’ estimates.
Sprint was able to expand its 4G network, which has been instrumental in attracting customers and building a perception of being a stable network. Devices like the Evo 4G have also helped to maintain Sprints image as a reliable and cutting-edge network.
Sprint has held it’s position against Apple’s iPhone as it remained exclusively with AT&T, a carrier that has taken many hits on it’s reliability. With Verizon expanding its 4G LTE network and beginning to sell the iPhone 4 to the masses today, it will be interesting to see if this changes Sprint Nextel’s bottom line.
via Businessweek