Sprint Nextel Reports Gain in Subscribers |
| New York Times - Jul 28, 2010 |
The Sprint Nextel Corporation, the wireless phone provider, said Wednesday that it gained subscribers in its latest quarter, the first such increase in three years, as it continued to improve customer service and retention.
However, it is still losing the most lucrative customers, those who sign two-year contracts, and posted a wider loss for its second quarter because of tax issues.
Sprint gained a net 111,000 subscribers in the April to June period, compared with a loss of 257,000 in the same quarter last year. It said it expected to keep adding wireless subscribers for the rest of the year, and reduce the number of contract customers who leave.
Sprint still lost 55,000 subscribers under its own brands in the latest quarter, but made up for that by adding 166,000 wholesale and affiliate subscribers, who buy access to the network through resellers.
Read Full Article from New York Times
- Posted: 2010-07-28 10:34:14
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