Wednesday, October 30, 2013

Sprint expands LTE markets and shrinks losses in Q3


After a financially rough second quarter, Sprint's fortunes have improved somewhat over the past three months. The company recorded a net income of $383 million in Q3 2013, though operationally it's still not in the black, with a $398 million operating loss. The odd numbers are explained by Sprint recording a one-time $1.4 billion gain related to its Clearwire dealings.


Ahead of today's numbers, Sprint turned on LTE connectivity in 45 new markets, while noting that it now has 4G coverage in parts of Manhattan, Queens, and Staten Island, to go with the service it's already offering in Brooklyn and the Bronx. Though less specific, Spring's 3G service is also seeing "a major expansion" in terms of its signal strength, coverage, and call...


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via The Verge - All Posts http://www.theverge.com/2013/10/30/5045824/sprint-q3-2013-earnings-report

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