For the first time in three years, Sprint is showing net subscriber growth. Sprint said in a statement that it expects to continue to add net subscribers for the rest of 2010 and cut postpaid subscriber losses in the second half.
- Sprint had 48.2 million customers in the second quarter, a sum that includes 33.2 million postpaid subscribers.
- The company added 173,000 prepaid subscribers.
- 9 percent of postpaid customers upgraded their phones in the second quarter.
- Churn of 1.85 percent was better than the 2.05 percent reported in the second quarter a year ago and 2.15 percent in the first quarter. Prepaid churn was 5.61 percent in the second quarter.
But Sprint Nextel continues to burn through cash and losses are mounting, notes RCR Wireless, even as it makes well-received strides in customer care and reduces churn. The nation’s third-largest carrier reported a net loss of $760 million in the recently closed second quarter, which is nearly double the $384 million it lost in the same period last year.
