Sprint 1Q14 revenues edge up, but subscriber base contracts

30 Apr 2014

US telecoms giant Sprint Corporation has reported revenues of USD8.875 billion for the three months ended 31 March 2014, up slightly from USD8.793 billion one year earlier. EBITDA for the first quarter reached USD1.717 billion, up from USD1.507 billion on an annualised basis, while the cellco posted a net loss of USD151 million for the January-March period, compared to a deficit of USD652 in Q1 2013. CAPEX for 1Q14 totalled USD1.057 billion, a fraction of the USD1.812 billion invested in the corresponding period one year earlier.

In operational terms, Sprint saw its overall user base drop from 55.211 million to 54.887 million year-on-year, broken down as follows: 30.504 million post-paid users, 15.807 million pre-paid customers and 8.576 million wholesale subscribers. In addition, the cellco claimed 4.850 ‘connected devices’ at the end of the first quarter.

In a parallel announcement, Sprint has confirmed that it has expanded its Long Term Evolution (LTE) network to 41 new cities, increasing its 4G footprint to 443 markets in the process. New LTE locations include: Long Island (New York), Minneapolis (Minnesota) and Phoenix (Arizona). The cellco has also introduced its tri-band carrier aggregation (CA) ‘Sprint Spark’ service in six more cities, namely: Newark (New Jersey), Oakland (California), Orlando (Florida), Tacoma (Washington), Waukegan (Illinois) and West Palm Beach (Florida). Spark delivers ‘real-world’ downlink speeds of up to 60Mbps, the carrier has previously noted. Sprint Spark is currently available in 24 markets; going forward, the cellco plans to deploy the CA technology in 100 of America’s largest cities over the next three years.

United States, Sprint Corporation (now part of T-Mobile US)