Sprint posts first net subscriber growth in three years

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

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34 Comments

1. markemark11

Posts: 47; Member since: Jan 07, 2010

wow. nicely done Sprint.

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?

13. omgoshphones305

Posts: 19; Member since: Jul 21, 2010

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

27. remixfa

Posts: 14605; Member since: Dec 19, 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!!

2. joey18

Posts: 648; Member since: Jul 20, 2010

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

3. markemark11

Posts: 47; Member since: Jan 07, 2010

espenced?

4. gambino37

Posts: 146; Member since: Oct 16, 2009

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

5. FerneyZan

Posts: 113; Member since: Jul 21, 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...

6. markemark11

Posts: 47; Member since: Jan 07, 2010

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

14. omgoshphones305

Posts: 19; Member since: Jul 21, 2010

joey 18 going down for bad grammar and spelling

15. omgoshphones305

Posts: 19; Member since: Jul 21, 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

17. oddmanout

Posts: 443; Member since: May 22, 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.

19. Gowireless

Posts: 85; Member since: Feb 23, 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

20. underwood2012

Posts: 58; Member since: Sep 12, 2009

Gowireless, there are such things as periods.

23. Gowireless

Posts: 85; Member since: Feb 23, 2010

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

24. Sellcell

Posts: 118; Member since: Mar 16, 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.

28. remixfa

Posts: 14605; Member since: Dec 19, 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.

31. HockeyDood

Posts: 80; Member since: May 14, 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....

7. xtroid2k

Posts: 601; Member since: Jan 11, 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.

21. Gowireless

Posts: 85; Member since: Feb 23, 2010

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

29. remixfa

Posts: 14605; Member since: Dec 19, 2008

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

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.

9. de 2 philly

Posts: 21; Member since: Jun 11, 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!!!!!!!!!!!!!

10. jrcrow79

Posts: 477; Member since: May 02, 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 !!

16. omgoshphones305

Posts: 19; Member since: Jul 21, 2010

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

18. PhoneUser

Posts: 78; Member since: Dec 11, 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.

22. underwood2012

Posts: 58; Member since: Sep 12, 2009

@jrcrow79, You're a tool.

25. Sellcell

Posts: 118; Member since: Mar 16, 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...

30. remixfa

Posts: 14605; Member since: Dec 19, 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!!

33. cuddybonz

Posts: 45; Member since: Nov 06, 2009

@jrcrow u are truly a ratard.

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