US telecoms giant Sprint Nextel has reported revenues of USD8.79 billion for the three months ended 31 March 2013, compared to USD8.73 billion one year earlier. OIBDA for the first quarter was USD1.52 billion, up from USD1.41 billion on an annualised basis, while the cellco posted a net loss of USD643 million for the January-March period, compared to a loss of USD863 in Q1 2012. CAPEX for 1Q13 reached USD1.81 billion, more than double the USD800 million invested in the corresponding period one year earlier.
In operational terms, Sprint saw its overall user base drop from 56.103 million to 55.211 million on an annualised basis, with the carrier’s legacy iDEN platform Nextel accounting for the bulk of the losses; Nextel subscribers slumped from 5.410 million to 1.315 million in the year ended 31 March. Sprint-branded CDMA subscriptions increased from 50.693 million to 53.896 million in the year under review, while ‘connected devices’ accounted for a further 3.627 million customer accounts.
As part of its ‘Network Vision’ project, Sprint says that since the beginning of 2013 it has launched 4G Long Term Evolution (LTE) technology in 88 cities, including Los Angeles, Boston and Charlotte, and expects that LTE will be available in more than 170 additional cities in the coming months. The company remains on track to shut down its Nextel iDEN platform at the end of the second quarter.