Sprint drops subscribers but no layoffs in the mix
February 10, 2010 3 Comments
Ah Sprint. How I love thee? I wake up to news this morning that Sprint had lost 148,000 net subscribers in the fourth quarter, from 1.27 million a year earlier. The decline in highly valuable contract customers, who generate average monthly revenue of $55, fell by more than half, to 504,000. Revenues slipped to $32.3 billion last year, though Sprint held the drop to less than 10 percent. But yet in the same breath I read that Sprint is also looking to expand it’s prepaid business. Hit the link for more. Sprint’s CFO Bob Brust said: “As far as we can see, that takes care of that part of our cost reduction program.”
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