From the New York Times: Spring announced another quarterly loss today of 18 cents a share or US$505 million. The news is bad, as it looks like the mobile telecom is losing some of its biggest customers:
In the first quarter, the company lost 1.1 million subscribers; the total number dropped to 52.8 million.
Analysts do not seem spooked, although Sprint’s CEO is considering a sale of Nextel. The recently announced Clearwire joint venture may help prospects in the near-term, but not right now.
Related posts on billso.com
- 8 May 2008: Google bets big on Sprint and Clearwire’s WiMAX venture
- 6 May 2008: T-Mobile’s parent may buy Sprint
- 22 February 2008: Customer lock-in
- 20 January 2008: Nokia, Sprint announce layoffs
- 27 August 2007: Wireless providers gird themselves for battle
- 14 June 2007: Clearwire signs WiMax deal with DirecTV, EchoStar
- 5 February 2007: Wireless from the inside out
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