July 30, 2014

Sprint Celebrating First Total Net Wireless Subscriber Growth in Three Years

Wow!  This has been a long time coming for Sprint.  The nation’s third largest carrier is finally able to deliver some good news to the rest of the industry.  Somehow, we can’t help but think Android has played an integral role in the turnaround.  Focusing on customer service and offering highly competitive rate plans are nothing next to the power of the EVO 4G.  Ok, so we’re not completely serious here.  Read on to see some of Sprint’s noteworthy bullet points from the second quarter of this year (Q210).

  • Delivered positive net postpaid subscriber growth on the CDMA network and for the Sprint brand; best ever year-over-year improvement in net postpaid subscriber results
  • Achieved tenth consecutive quarter of improvement in Customer Care Satisfaction and First Call Resolution; recognized by American Customer Satisfaction Index as most improved company in customer satisfaction, across all industries, in the last two years
  • Generated consolidated Adjusted OIBDA* of $1.5 billion in the quarter; maintained strong liquidity with a cash and cash equivalents balance of $4.3 billion after retiring all 2010 note maturities; year-to-date Free Cash Flow* of $1.2 billion

Sprint picked up a total of around 111,000 net subscribers over the quarter and posted their  best ever postpaid churn at 1.85 percent.  The company achieved its best year-over-year quarterly improvement in postpaid gross subscriber additions in more than five years.  Read the full press release by heading to Sprint’s investor site!