Preliminary results for Sprint's third quarter show 30,000 net additions to postpaid accounts

Preliminary results for Sprint's third quarter show 30,000 net additions to postpaid accounts
The headline number that Sprint posted this morning (it's past midnight on the East Coast) showed that the carrier had net additions of 967,000 to its platform. But picking apart that number leaves one feeling as hollow as a chocolate bunny bought for Easter. The bulk of the carrier's net additions was in the wholesale (527,000) and pre-paid (410,000) side of the business. The postpaid net additions, where all of the cheesecake is, came out to a rather pedestrian 30,000. Compare that to T-Mobile, which announced this morning that it added 1.3 million net additions to its postpaid accounts for its last quarter.

Sprint did say that it had the highest gross additions to postpaid in three years. The carrier also said that its gross postpaid phone accounts rose 20% year-over-year. But that hollowed out bunny beckons again. Gross additions do not take into account the number of people who closed their Sprint account and went elsewhere.

Sprint has tried to pick up low hanging fruit from Verizon and AT&T. Sprint's recent promotion promises to cut in half the monthly bills belonging to customers of the top two U.S. carriers who switch to Sprint. But even here there is less than meets the eye. Because the promotion forces those signing up to forfeit their current phones and buy new handsets from Sprint, the actual savings is more like 20% instead of the 50% Sprint is promoting.

The carrier will soon be overtaken by T-Mobile and Sprint will become the nation's fourth largest carrier. Despite having some deep pockets behind it in the form of majority owner SoftBank, Sprint seems to be in a downward spiral that will be hard to snap out of. With a network still in disarray, and with T-Mobile breathing down its neck, CEO Claure is going to have to pull out all of the stops.

source: Sprint



1. Derekjeter

Posts: 1497; Member since: Oct 27, 2011

The only thing Sprint was good for was for me to buy my Nexus 6 and connected on Verizon.

2. kotan24

Posts: 311; Member since: Oct 29, 2012

How do you like your nexus 6, as well as lollipop? Iphone 6 plus user here by the way :)

6. Motionless

Posts: 12; Member since: Dec 02, 2014

Wait what, Verizon let you add a non-verizon phone..?

16. JunitoNH

Posts: 1946; Member since: Feb 15, 2012

How were you able to accomplish it? I thought Verizon and Sprint were incompatible.

20. downphoenix

Posts: 3165; Member since: Jun 19, 2010

Nexus 6 is unlocked for all carriers, just need to swap out a sim for verizon or sprint to use on their networks.

3. Derekjeter

Posts: 1497; Member since: Oct 27, 2011

I love it. I had the Note 4 but hands down this phone is much faster and love the fact there's no bloatware. I also have a 6 PLUS as my work phone. I do love my iPhone but have to admit I use my nexus a lot more everyday. I used to take pictures with just the iphone but now its all Nexus.

4. RGreen

Posts: 83; Member since: Jul 06, 2012

Sprint needs to get with it,

5. joe1blue

Posts: 169; Member since: Jul 25, 2013

Simple solution for sprint upgrade your network and stop telling your customers that you are when you really aren't upgrading, it doesn't matter if you have great prices when you drop calls like crazy and you miss calls because your phone doesn't ring. Not to mention how slow the data is.i actually want sprint to do well because that will put pressure on the other companies.

11. lsutigers

Posts: 832; Member since: Mar 08, 2009

The truth is none of that really happens with Sprint anymore. Their network has been upgraded and is performing very well in my experience. Particularly in Spark markets. So, this statement is simply not true today.

21. joe1blue

Posts: 169; Member since: Jul 25, 2013

Trust me I'm in south Florida in the city area at that, my cousin was just over my house trying to load a YouTube video and all we got was buffering on 4G not to mention.

23. g2a5b0e unregistered

Right, so because it doesn't happen to you, it can't possibly be happening to anyone. Makes sense.

7. youlookfoolish

Posts: 193; Member since: Dec 14, 2012

Why bother to mention T-Mobile on this article? If you're so hard up for T-Mobile why not point out that Legere claimed T-Mobile would pass Sprint by Thanksgiving but they didn't? Why not point out that more than half of T-Mobile's adds last year were hollow bunny prepaid? Instead why not point out that this is the second consecutive quarter Sprint has added and not lost customers? You suck as a journalist Alan but you're awesome as a cheerleader. Don't wear your bias and your sleeve and just report the news, dolt.

9. npaladin2000

Posts: 165; Member since: Nov 06, 2011

Actually Legere said he'd pass Sprint by the end of the year. He didn't quite deliver, though based on both of their preliminary reports they're effectively tied at the close of 2014. And the numbers are preliminary on both sides.

14. youlookfoolish

Posts: 193; Member since: Dec 14, 2012

22. npaladin2000

Posts: 165; Member since: Nov 06, 2011

Well, you do look foolish. Guess you didn't read the article you linked to: "The outspoken CEO is predicting that by the end of this year, T-Mobile will leap over its rival to become the third largest carrier in the states, including both pre and postpaid customers."

12. lsutigers

Posts: 832; Member since: Mar 08, 2009

Agreed. Ridiculously biased article against Sprint and pro TMO. A journalists job is to be objective and report the facts.

8. azuleyez

Posts: 22; Member since: Dec 07, 2012

Here's a huge problem for Sprint: All these wonderful 'low hanging fruit' offers are only available in corporate Sprint stores. I actually went to sign up for Sprint at this 'indirect' location, because I'm not driving 100 miles to get a phone and they couldn't do ANY of the offers Sprint is advertising - like the "iPhone for Life" plan. What the!? Seriously Sprint? Get all your dealers on the same page, take out the confusion, make it simple for consumers again - and MAYBE you'll dig yourself out of this financial hole!

10. silencer271

Posts: 254; Member since: Apr 05, 2013

I feel sorry for anyone that left to go to sprint to "half their bill" they will enjoy cheaper service that barely works and wonder why you ever switched.

13. lsutigers

Posts: 832; Member since: Mar 08, 2009

When was the last time you used Sprint, sir. The upgraded network is working fine so please stop spreading misinformation.

15. suneeboy

Posts: 201; Member since: Oct 02, 2012

Sprint should just fully push $60 unlimited everything. This half your bill crap is lame. People don't want their bill cut in half, they want the lowest price possible. New customers can come in and get an iPhone and unlimited plan, but a person coming from Verizon just gets their bill cut in half and the same exact plan on an inferior network? Gimmick marketing. T-Mobile had it right from a marketing and price point perspective. Too bad their service blows also. Sprint just needs to just push unlimited data. That's the only thing they can offer over Verizon and AT&T. All things equal, no one will go to Sprint. Not even for half the price.

17. moslondon

Posts: 40; Member since: Mar 07, 2013

I have sprint and here in Houston Tx and around the city... well, the signal for calls is not bad but the data.... 4G spark is too slow is like around 2.5mb download and the 3G does not work at all. I haven't left their service because the price for unlimited everything for a single line is cheaper than the other 3 companies but now Im considering to switch to cricket or metro pcs.

19. downphoenix

Posts: 3165; Member since: Jun 19, 2010

I had Sprint, the service was okay at best, non existant at worse, depending on where I was. Data speeds peaked about 6mpbs on LTE, it was usually around 2-3. 3G was normally about 150-400kb, peaked about 700kb. I'm on Cricket now, and it's much better. I get better service just about everywhere and the data speeds are usually 15-25mbps on LTE and I haven't even seen 3G pop up once. Im using their Moto G 1st gen, which is the good version, it has LTE as well as Micro SD slot.

18. downphoenix

Posts: 3165; Member since: Jun 19, 2010

If they spent their money on network improvements and the spectrum auctions instead of frivilous promotions to get short term customer gains, they wouldn't be in this mess.

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