Sprint brought in 675,000, bringing its total to 57 million.
Advertisement
The Overland Park, Kansas-based company added 310,000 new customers to its postpaid business in the quarter. While that’s low for a provider that has suffered some dire losses as of late, it pales in comparison to the unbridled successes of T-Mobile.
Sprint, 80 percent owned by Japan’s SoftBank Corp, also reported that its revenue fell 8.7 percent in the quarter. Chairman (and SoftBank CEO) Masayoshi Son says that American networks as a whole are “very bad” – he thinks Sprint can improve this reputation without spending a ton of money.
Advertisement
Chief Financial Officer Joseph Euteneuer, who will step down later this month, said cost cuts in fiscal 2016 would be equal to or greater than those in 2015. A year earlier it lost 181,000 customers. That compares with a profit of $23 million, or a penny per share, a year ago. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.
