The company tried its best to paint a pretty picture, but there was no escaping the reality of the numbers for Sprint's second quarter 2009:
Bad news: There was a net subscriber loss of 257,000. Looked at from a different angle, according to the Financial Times, "the number of Sprint’s contract subscribers fell by 991,000 to 34.4m in the second quarter, a steeper loss than the 776,000 subscribers it lost in the same period last year, but narrower than the 1.25m it lost during the first quarter."
Good News: The churn rate on the so-called post-paid customers, who are the most lucrative, improved slightly 2.05 percent in the second quarter, down from 2.25 percent in the first quarter and up from 1.98 percent a year earlier. Bad news: still much higher than other carriers.
More good, bad, and middlin' news after the break!
Source : http://feedproxy.google.com/~r/Precentralnet/~3/9J...