Last month saw AT&T, Verizon and T-Mobile release its Q3 2014 results, and now that the calendar has flipped to November, Sprint has released its own earnings numbers.
Sprint says that its second quarter of the fiscal 2014 saw postpaid losses of 272,000 customers, prepaid additions of 35,000 and wholesale additions of 827,000. Sprint was also hit with a net loss of $765 million in the quarter, which is lower than the $23 million in income that it earned in the previous quarter.
Overall it seems as though Sprint had a pretty rough quarter. However, Sprint notes that its postpaid phone gross additions grew 37 percent month-over-month in September and also grew year-over-year. New Sprint CEO Marcelo Claure said that he plans to focus on four areas to help transform Sprint and improve its future:
- Competitive Value Proposition - Continue to offer plans like Family Share Pack, iPhone for Life leasing program.
- Network - Continue expansion of LTE, Sprint Spark services and work on offering a consistent and reliable network experience.
- Cost Optimization - Review of all expenses, hopes to reduce annual costs by $1.5 billion. Will reduce employee count by 2,000 jobs.
- People - Management review underway, will work to grow its talent with a mix of internal and external candidates.
What do you think about Sprint’s plan? Will Marcelo Claure be able to turn things around for the big yellow carrier?
Via Sprint