Sprint adds 1.2 million net additions to its platform for fiscal Q4, its highest total in three years

Sprint adds 1.2 million net additions to its platform for fiscal Q4, its highest total in three years
This morning, Sprint reported its fiscal fourth quarter 2014 earnings. The carrier reported a net addition of 1.2 million subscribers to the Sprint platform, the highest net add in three years. In the fiscal third quarter, Sprint added 967,000 net new subscribers. In the year-ago period the carrier had lost 383,000 subscribers.

Sprint was led by the 546,000 net prepaid additions it recorded for the three month period. That led the industry for the second quarter in a row. During the previous quarter Sprint added 410,000 net prepaid accounts. A year earlier, the carrier lost 364,000 prepaid subscribers. The turnaround in this sector was led by strong growth at Boost Mobile.

In the important postpaid sector, Sprint reported a net gain of 211,000 despite tallying net postpaid phone losses of 201,000. The latter figure is a slight improvement from the loss of 205,000 reported in the prior quarter. It is a huge improvement however, from the net loss of 693,000 postpaid phone accounts suffered by Sprint a year ago. The better results year-over-year were helped by a lower churn rate and the addition of new customers with a higher credit rating. Net postpaid tablet additions of 349,000 were down from the prior year's addition of 516,000 subscribers. Average Revenue per User (ARPU) for postpaid accounts was $56.94, down from $58.90 in the previous quarter. For prepaid accounts, the numbers were $27.50 and $27.12, respectively.

Overall, Sprint now has over 29 million postpaid and 15.8 million prepaid subscribers. Add to that the 10.73 million wholesale accounts on Sprint's network, and that works out to a total of 56.137 million people currently enjoying Sprint connectivity. Toss in the slightly more than 1 million who are still using a Nextel branded pipeline, and the total number of accounts connecting with the carrier at the end of the quarter amounted to 57.1 million. The carrier's 4G LTE signal now covers 280 million people in the U.S.

During the quarter Sprint started testing its Sprint Direct 2 You program that hand delivers new phones to customers. Also added during the quarter was Free Wi-Fi Calling for iPhone. This offers free Wi-Fi calling to Sprint subscribers with the Apple iPhone 5s, Apple iPhone 5c, Apple iPhone 6 and Apple iPhone 6 Plus. And with Free International Value Roaming, Sprint customers can travel to Latin America, Europe and Japan and roam with 2G speeds for no added costs.
 
For the quarter, Sprint reported net operating revenue of $8.3 billion, down 7% from the prior year. The carrier had a net loss of $224 million, or 6 cents a share for the period. That compares to the lower $151 million net loss reported last year, which worked out to red ink in the amount of 4 cents a share.

source: Sprint

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18 Comments

1. Ruckus

Posts: 286; Member since: Oct 20, 2011

Sorry T-Mobile, you can't celebrate yet. I for one am someone who prefers a cheaper bill which is why I like what both Sprint and T-Mobile are doing, but I would like to see less advertising from them both and more towers added. T-Mo still has 2G data speeds here. Sprint just got us LTE but only in town...

2. TheRequiem

Posts: 245; Member since: Mar 23, 2012

Go to fierce wireless, Sprint is getting ready to announce major network expansion and densification plans called "The Next Generation Sprint Network", which wont have the same issues as Network Vision. This will be more like expanding and densifiying coverage with Thousands of new tower's, small cells, VoLTE and LTE Advanced deployment.

3. SemiFinal

Posts: 117; Member since: Jul 26, 2014

Good job Sprint, keep up the good work.

4. greathero1

Posts: 584; Member since: Jun 13, 2008

This is a good thing. If Sprint can get it going then T-Mobile will get some much needed assistance in arm twisting the Big 2. Hopefully this will lead to more competitive pricing!

5. Doakie

Posts: 2478; Member since: May 06, 2009

Ugh. Sprint's network sucks. More subscribers just means more people clogging up the already crappy bandwidth... After having Sprint for 11 years we switched to AT&T, and it's WAY BETTER. I always said, "I'll never pay for Sprint service ever again." And I was right. Now we have 2 FreedomPop LTE phones in the house with free service on the Sprint network... And I'm glad we're not paying anything, their LTE footprint is still horrible.

6. Salazzi

Posts: 537; Member since: Feb 17, 2014

True. LTE footprint means nothing, unless you have the speed to back it up. T-Mobiles speed backs their growing footprint, but Sprints is pathetic. Sprint put in LTE in my area and I've seen speeds of ~3Mbps tops. This is a complaint among many who are in Sprints "LTE" coverage.

7. bigdawg23

Posts: 467; Member since: May 25, 2011

T-Mo speeds mean nothing if you can't get a signal. I travel all over the place and in many locations T-Mo and Sprint are a joke. I have a person phone on AT&T and VZW for Work. Just this week I am in Muskegon, MI, which my phone on VZW continues to roll to 3G while my AT&T rocks in LTE. In most locations my VZW phone is much faster than what T-MO claims. As an example they claim 25MB Down speeds tops in MSP. However, my VZW is constantly at 40-50 Down and 15-25 UP.

10. Salazzi

Posts: 537; Member since: Feb 17, 2014

I traveled nationwide myself. A friend of mine had his Verizon phone, and I had my T-Mobile. There were spots he had no service and where I had service, as well as spots where I had no service and he had it. There were also times when he had service but calls kept dropping or the service was unusable, but when I had service with T-Mobile, it chugged on strong. T-Mobiles coverage isn't on par with the top 2 yet, but they're getting there, and fast. Most places where others or myself have compared T-Mobile to Verizon or AT&T, T-Mobile had a considerable lead on them with regards to speed. The only thing working against T-Mobile, is the fact that the other 3 carriers have nationwide low freq spectrum, which allows better building penetration as well as further coverage (approx 2.25x further range than 1700mhz). I've not seen T-Mobile make a claim on Verizons speeds. As a matter of fact, nationwide, T-Mobile was found to have higher average speeds out of all the carriers. The average for Verizon btw (nationwide) was ~10Mbps. So even if T-Mobile had claimed Verizon "only" gets 25Mbps, that would be doing Verizon a service, seeing as third party speedtests found the average speed to be 10.

11. Salazzi

Posts: 537; Member since: Feb 17, 2014

Also, in my area, Verizon get's 15-20Mbps while T-Mobile chugs on 60Mbps down and 20 up. When T-Mobile had 3G only here, and Verizons LTE was prior to XLTE, T-Mobiles 3G speeds were on par, and even faster at times, than Verizons LTE. When I was in Syracuse NY I was getting on T-Mobile 115Mbps down.. others have shown to have gotten 130-140 down.

16. lsutigers

Posts: 832; Member since: Mar 08, 2009

First of all Sprint's native network is significantly larger than T-Mobiles and a huge network expansion is about to be announced. Second, Sprint is adding a ton of band 41 2.5 ghz towers and small cells to density coverage. This is where they have tons of spectrum and can easily push speeds in excess of 100 Mbps. That is not even considering their LTE Advanced deployments which is piloting in Chicago and will go nationwide later this year.

8. TechnoTechyes

Posts: 71; Member since: Jan 24, 2011

It depends on where you live. Where I live in Colorado, Sprint blows away all other networks by my house (I get ~25Mbs, and where I ski. But where my friends live in Seattle and Pittsburgh, Sprint is weak. It was ironic that Verizon ran an ad, suggesting that they saved the day for a skier. When their service is truly worse or non-existent on the back slopes of the resorts where I ski (where Sprint still works). And the mountain cabin where we stay (near South Park) everyone uses my phone, because AT&T and Verizon have NO SERVICE (not even texting). I met with friends at a ski resort in Virginia, Verizon had no service there either, but Sprint worked (although it was weak). Verizon is also the only carrier that does not include Puerto Rico. They claim to have tit all, but that is a lie. They don't have the coverage, they don't have the best price, they don't have the best data plan, they don't have the best cancellation policy. Verizon is by far the most dishonest company.

9. lsutigers

Posts: 832; Member since: Mar 08, 2009

Doakie when was the last time you used Sprint? Have you tried them recently since LTE band 26 and band 41 were added in many cities (still ongoing) as part of Sprint Spark triband LTE deployment? All you do is spread negative Sprint info which isn't even true. I have a personal Verizon phone and a Sprint iPhone 6 for work and I travel all over the country several times a month for work and there is not a big difference between the two. Verizon has more native coverage but there are areas where verizon roams on the Sprint network... Sprint has made huge improvements to its network and the new 2015 rootmetrics report shows it.

12. Salazzi

Posts: 537; Member since: Feb 17, 2014

They stopped deploying Spark since almost a year ago..

13. true1984

Posts: 866; Member since: May 23, 2012

umm, no. they are still deploying spark.

14. Salazzi

Posts: 537; Member since: Feb 17, 2014

15. lsutigers

Posts: 832; Member since: Mar 08, 2009

Hate to tell you but TK has no clue what he's talking about. My friend is working on upgrading Sprints network right now and most of what they're doing is 2.5ghz band 41 LTE deployments. spark refers to the combination of all three bands including band 25 (1900 MHz PCS), band 26 (800 MHz Nextel iDEN) and band 41 (2.5 ghz Clearwire). Sprint is pretty much done with band 25 and 26 deployments nationwide and will soon be announcing a large network expansion throughout the country. That article is incorrect, Sprint is still very much busy with Spark.

18. QWIKSTRIKE

Posts: 1459; Member since: Mar 09, 2010

LTE foot print growing, and the best wireless spectrum of all the carriers built from the bottom up. Leaving a company because of growing pains is totally different than leaving because they do nothing about it. I was with old sheisty AT&T when they bought out cellular one, and they dropped more calls and nickel and dimed me for ever. They cheated me on my bill, and when I called them out on it they tried to F my credit report by making false accusations when I left for Sprint.. I'll never go back to them for that! That's a real reason to hate a company, not because they failed to grow speed as fast as you like, but this is America. All of you butt hurt Sprint haters because they had slower Network speeds enjoy or brief fun in the sun. I know the TMobile haters know the deal, yes Tmobile is faster in some areas but when you leave the Urban areas they have NOOOOOOOOOO coverage. I have 2 family members that don't get service every where that I go. In fact one just joined TMobile after drinking the cool aide and can;t get signal in a lot of places.

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