Sprint, the nations's third largest carrier, posted one of its best quarterly results in the past five years and for the first time since the second quarter of 2007, actually added to its postpaid subscriber base. The net additions amounted to 58,000 postpaid subscribers in the last quarter of the year.
The carrier also managed to keep its existing subscribers with 1.86% churn rate, its best Q4 result ever. Wireless subscriber additions were also one of the highest for the last five years. Sprint beat estimates for free cash flow by a significant margin ending the quarter with $913 million. All this instantly translated into 5% increase in pre-market trading.
The outlook for the next quarter and year is positive, but depends on a number of factors. First one that comes to our mind is the $10 premium Sprint now charges its customers for data. The reception of this increase along with the launch of the Kyocera Echo, which struck with its unordinary dual-screen set-up would be decisive for the carrier. Sprint still hasn't announced a dual-core handset like the rest of the carriers in the top 4, which of course doesn't mean much. Full press release and all the figures in the source below.