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Sprint Falls to Become No. 4 US Carrier

Aug 4, 2015, 7:35 AM by Eric M. Zeman

Sprint reported its second quarter earnings today and the numbers reveal it has fallen behind competitor T-Mobile in the total number of customers. T-Mobile, which gained a total of 2 million new customers during the second quarter, reported a total customer base on 58.9 million. Sprint saw net additions of 675,000 customers during the second quarter, but that left it with a total of 57 million. T-Mobile now ranks as the third-largest U.S. carrier in terms of customers, and Sprint ranks fourth. AT&T and Verizon Wireless still hold the top two spots. Sprint reported a financial loss for the quarter of $20 million on revenue of $8 billion. Despite the loss, Sprint reduced churn and ceded just 12,000 postpaid smartphone subscribers, which are considered the most lucrative to hold. The company said it continues to work aggressively to improve its network and cut costs. Sprint is mostly owned by SoftBank, based in Japan. CEO Marcelo Claure has been on board for just about a year. He recently shook up the executive suite and installed a new CFO and COO.

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deanwoof

Aug 4, 2015, 9:09 PM

So many things wrong

They had a lot going for them at once point. Had they renamed themselves SoftBank USA and killed the sprit name to start over, I think it would have been a move in the right direction.

The sprint name is so piss poor

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