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Sprint posts first net subscriber growth in three years

Posted: , by Daniel P.

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Sprint posts first net subscriber growth in three years
Sprint released its financial results today for the quarter ending June'10. The carrier turnaround under the new CEO Dan Hesse has been a success story so far. It was recognized by the American Customer Satisfaction Index as the most improved company in customer satisfaction in the last two years, and won an Excellence award from Gartner for its customer care as well.

Sprint Nextel Corp. announced that the company pulled off its first total net wireless subscriber growth in three years, and the best subscriber churn results ever on its wireless plans. All in all, more people are coming to Sprint, and fewer are leaving it. With a year-to-date free cash flow of $1.2bln Sprint is far behind the  two biggest US carriers, and it still posted a diluted quarterly loss of 15 cents a share, but the inertia has picked up already to turn things around for the carrier.

Thanks to the introduction of innovative Android handsets like the HTC EVO 4G, and the upcoming Samsung Epic 4G, Sprint is now offering an enticing set of features that can be found only on its network, at one of the lowest industry prices. Hopefully for the carrier, this will sustain its momentum, and Sprint will continue to enlarge its customer base and introduce more outstanding handsets for us to drool over.

Samsung Epic 4G Specifications
HTC EVO 4G Specifications | Review

source: Sprint

34 Comments
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posted on 20 Oct 2010, 01:47

1. markemark11 (Posts: 47; Member since: 07 Jan 2010)


wow. nicely done Sprint.

posted on 28 Jul 2010, 12:27

12. JeffdaBeat (unregistered)


Heck yeah! Dude, Sprint was a shitty company when Gary Foresee was over it. It's taken a great CEO 3 years to turn that around. Sprint deserves good thing in its future. If it took Hesse 3 years to turn Sprint around, how long would it take Obama?

posted on 28 Jul 2010, 12:42

13. omgoshphones305 (Posts: 19; Member since: 21 Jul 2010)


hmmm, a polarized senate and congress vs no shareholders...yea hesse has the advantage

posted on 28 Jul 2010, 19:10

27. remixfa (Posts: 13942; Member since: 19 Dec 2008)


polarized senate? The democrats only need 1 republican at any given time to vote with them to pass a bill. They have a large majority.. Thats not polarized... thats going too far socialist for even some democrats. props to sprint. I actually didnt think theyd last this long the way they were going. Its good to see that just maybe u can steer the titanic away from the iceburg once and a while. First time in 3 years they saw positive growth.. next up.. profitability!!

posted on 28 Jul 2010, 09:59

2. joey18 (Posts: 521; Member since: 20 Jul 2010)


sprint good plans verizon and att going down bad service and espenced

posted on 28 Jul 2010, 10:01

3. markemark11 (Posts: 47; Member since: 07 Jan 2010)


espenced?

posted on 28 Jul 2010, 10:08

4. gambino37 (Posts: 146; Member since: 16 Oct 2009)


Verizon and AT&T going down? Bad service? Bad espensed? ( whatever the hell that is ). Wow.

posted on 28 Jul 2010, 10:23

5. FerneyZan (Posts: 70; Member since: 21 Jul 2010)


Hey JOEY,, we know what you mean.. LOL.. u do wanna try some spell check next time.. :) But yes, very glad to see how well SPRINT is been doing lately.. One thing I still dont like is that there are very few android handsets to choose from.. They should bring MOTOROLA Android Phones to SPRINT, not just the Nextel side.. With Samsung, HTC and hopefully soon, MOTOROLA Android Handsets,, Sprint will be able to continue the momentum for sure.. But at least for now, Congrats to Sprint for a Great Job so far...

posted on 28 Jul 2010, 10:36

6. markemark11 (Posts: 47; Member since: 07 Jan 2010)


Hero, Moment, Intercept, Evo, and soon to be i1 and Epic? Thats plenty!

posted on 28 Jul 2010, 12:42

14. omgoshphones305 (Posts: 19; Member since: 21 Jul 2010)


joey 18 going down for bad grammar and spelling

posted on 28 Jul 2010, 12:44

15. omgoshphones305 (Posts: 19; Member since: 21 Jul 2010)


hero and moment are bad anroid devices...only the newer models will sustain as "good devices" which is why the moment and the hero will not get froyo

posted on 28 Jul 2010, 13:27

17. oddmanout (Posts: 435; Member since: 22 May 2009)


omgoshphones305, i doubt your theory has any truth behind it. The phones getting 2.2 are probably getting them because the hardware can handle it. Older technology is always going to be harder to update and receive more advanced and software heavy features. Not saying that the moment and hero cant handle it but it would probably be harder to update them than newer tech.

posted on 28 Jul 2010, 14:57

19. Gowireless (Posts: 85; Member since: 23 Feb 2010)


joey you need to rethink that sprint is number 3 att 2 Verizon 1 why do u think Verizon is number 1 because of are service why do you think sprint has better service your crazy sprint maybe cheaper but you get what you pay for Sprint can do 69 for everything because they don't put the money back into there service like Verizon does that's why this is the first time in 3 yrs sprint has seen growth let see how long they keep that 69 for everything plan now that there putting money back into there service

posted on 28 Jul 2010, 15:08

20. underwood2012 (Posts: 49; Member since: 12 Sep 2009)


Gowireless, there are such things as periods.

posted on 28 Jul 2010, 15:53

23. Gowireless (Posts: 85; Member since: 23 Feb 2010)


wow really -2 because i didnt use a period you guys are to much get a life stop triping on the lil stuff

posted on 28 Jul 2010, 16:32

24. Sellcell (Posts: 118; Member since: 16 Mar 2010)


Gowireless, it's good to know that we have an "accountants" opinion who writes like a 5 yr old. The reason I say an accountant is because some how you know that VZW puts all there money into there service. Have you ever stopped and thought that maybe Sprint can actually charge what they charge and still make a profit, along with increasing service? Oh and who has the 1st 4g network. I wonder how Sprint is able to afford that? It seems to me that maybe at&t and VZW might just be over charging their customers for service. "Its all find and dandy though, because there are people like you who decide to deny the simple truths and choose not to believe they could ever be so dumb to get ripped off." It's easy to tell how this could happen to you, based on your spelling techniques. haha.

posted on 28 Jul 2010, 19:13

28. remixfa (Posts: 13942; Member since: 19 Dec 2008)


lol. they are not bad android devices. They just arent "superphones". This time last year the hero was the big timer. Now its the GalaxyS/Evo. Next year the current superphones will be "mid range" as the new tech comes to market. Its called.. "progress" :). Besides, not everyone needs to have the biggest best thing. Some people want a great set at a cheap price.. not an awesome handset at a premium price.

posted on 29 Jul 2010, 01:35

31. HockeyDood (Posts: 65; Member since: 14 May 2010)


The Hero and Moment won't get their OS updates beyond 2.1 because they lack the processing power to properly support the capabilities that are included with updates beyond that. That was announced at or just after launch....

posted on 28 Jul 2010, 10:51

7. xtroid2k (Posts: 392; Member since: 11 Jan 2010)


Ok, I have been saying this since sprint realligned its self at the end of 07. I knew sprint would make a come back; and personally I have nothing against sprint. I still feel Verizon is the best; they have made lots of improvements aswell. ATT on the other hand really needs to stop and has made a fatal mistake of only having one flagship device which is more played out then MC Hammer. So congrats sprint; now you just need to become agreessive with more handset offerings.

posted on 28 Jul 2010, 15:12

21. Gowireless (Posts: 85; Member since: 23 Feb 2010)


why is endgaget saying sprint had a 760 million $ net loss lol sucks for sprint

posted on 28 Jul 2010, 19:13

29. remixfa (Posts: 13942; Member since: 19 Dec 2008)


because positive growth and profit are not the same thing. Got to have one before the other though.

posted on 28 Jul 2010, 11:34

8. becazican (unregistered)


I for one am switching to sprint , in this day and age with bad economy i have to look at the bottom line, i need my smartphone for business but sprint in my area works just as well as verizon. and for the same thing i get if for thirty dollar cheapier.

posted on 28 Jul 2010, 12:02

9. de 2 philly (Posts: 21; Member since: 11 Jun 2010)


If you want the 2nd best voice/dropped calls coverage and the best data network with cheap plans go Sprint. If you can afford extra $40ish or so a month go Verizon. If you need to travel international go AT&T, T-MO. Very impressed w/ Sprint. I LOVE MY EVO!!!!!!!!!!!!!

posted on 28 Jul 2010, 12:13

10. jrcrow79 (Posts: 477; Member since: 02 May 2008)


lol @ sprint.. hello: yes this is sprint calling to see if you got our email... PLUS: ATT and Vzw are also going 4G..att starting end of this year and yes voice/date sametime!..yay!! me: ok hold on lemme check webmail..dam it!...I cant check it while on a call!....LMAO !!

posted on 28 Jul 2010, 12:44

16. omgoshphones305 (Posts: 19; Member since: 21 Jul 2010)


oh wait! i'm home...let me just use the wifi to connect to the internet while i'm talkign to you xD

posted on 28 Jul 2010, 14:33

18. PhoneUser (Posts: 77; Member since: 11 Dec 2008)


Lol @ jrcrow yeah cause that's a real deal breaker that Sprint can't do voice and data. Hang on let me cry bout it... lol.... get over that lame ass selling tool that ATT reps use.

posted on 28 Jul 2010, 15:12

22. underwood2012 (Posts: 49; Member since: 12 Sep 2009)


@jrcrow79, You're a tool.

posted on 28 Jul 2010, 16:39

25. Sellcell (Posts: 118; Member since: 16 Mar 2010)


Wait, Sprint can't do voice and data?... Who's the tool shed that came up with this? I suppose we better get rid of the palm devices, cuz they can't multi task or anything...

posted on 28 Jul 2010, 19:16

30. remixfa (Posts: 13942; Member since: 19 Dec 2008)


@jcrow hello, this is ATT where we can talk and web at the same time. wait.. hello..? hello? damnit, he actually tried to hold his Iphone4 while on a call again.. Dont people know that steve jobs is smarter than them, and only he knows how to hold the phone correctly!! take "phone holding" lessons people!!

posted on 29 Jul 2010, 17:31

33. cuddybonz (Posts: 45; Member since: 06 Nov 2009)


@jrcrow u are truly a ratard.

posted on 28 Jul 2010, 12:26

11. scottmbolt (unregistered)


Sprint FTW!

posted on 28 Jul 2010, 17:34

26. xtroid2k (Posts: 392; Member since: 11 Jan 2010)


All the haters are coming out against sprint. you all probably have metro. new equation Phonearena = Haters/Mama's Boys Who cares, just reap the benefits. Sprint is doing great. So what all companies had a net loss last quater including your sperm count.

posted on 29 Jul 2010, 09:49

32. remixfa (Posts: 13942; Member since: 19 Dec 2008)


well, technically sprint is the only one that had a net loss in $$ so far. ATT and VZW both posted $$ like normal. Tmobile hasnt released its results yet. Its still good that sprints slowly turning around. Competition is good for everyone.

posted on 30 Jul 2010, 22:54

34. WKlingbeil (Posts: 215; Member since: 26 Dec 2008)


The truth about all the subscriber loss for Sprint over the past few years has been their business side. Whenever the economy drops the business side is affected far more because when employees are laid off, they obviously don't need their business line anymore, so guess what? They disconnect their service, and since Nextel's majority customer base was business side, Sprint is negatively affected. True, they did plenty to run customers off just as well, but they've worked hard to turn it around and I'm happy they're achieving results. The world needs Sprint and T-Mobile just like they need VZW and AT&T.

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