Thursday, February 07, 2013

Sprint Q4 2012 Earning Report

Today Sprint announced their Q4 2012 earning report showing that overall revenues totaled $9 billion, up from their previous quarter. Their wireless services totaled $7 billion of that total and Sprint managed to sell 2.2 million iPhones, while customers waited for their 4G LTE network to expand. Sprint’s 4G LTE network launched last July and is now serving more than 3 million connections with faster wireless speeds. In addition to their contract subscribers, Sprint also added 401,000 post paid subscribers, but lost 1 million existing ones from the Nextel part of the business.

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