May 5, 2009
Sprint, the third – largest provider of U.S mobile phone services, has posted a large loss of $ 594 million in a first quarter of the year. It is $89 million more compare to the last year. They cut a 13% of the company’s work force and total revenue decreased 12% to $ 8.21 billion. On the prepaid side they added around 1.000,000 customers and wholesale subscribers representing devices- such as Amazon .com. Most of these lost Sprint’s customers were attracted by Boost Mobile that offers unlimited plan for only $50 monthly. It is only $6 dollars less than Sprint charges for average contract, but most of customers it is a big difference. Rivals At&T Inc. added 1.2 million customers and Verizon Wireless added 1.3 million in the same period.
Wall Street Journal