Sprint Retains No. 3 U.S. Mobile Carrier Spot Over T-Mobile
Sprint's Q4 2014 revenue figure is down 7 percent to $8.28 billion from $8.88 billion one year ago, as the company's Q4 loss increases to $224 million and 6 cents per share, according to the company.Sprint continues to keep its coveted No. 3 ranking in the U.S. mobile carrier market over T-Mobile, but its losses continue compared with the same quarter one year ago, based on the company's fourth-quarter 2014 results, which it announced on May 5. Sprint reported $8.28 billion in revenue for the quarter ended March 31, which is down 7 percent from the $8.88 billion that was recorded for the same period one year ago. Sprint also reported a net loss of $224 million for the quarter, compared with a net loss of $151 million one year ago, according to the figures. The company's loss per share increased to $0.06 per share in the quarter, compared with a loss per share of $0.04 one year ago. Yet despite that disappointing news, the war for third place in the U.S. mobile carrier rankings continues to go Sprint's way as the company gained a reported 1.2 million net customer additions, giving it 57.1 million customers for the quarter, compared with T-Mobile's 56.8 million customers, which was announced in late April. T-Mobile had actually slightly overtaken Sprint for the No. 3 spot for about a week until the latest Sprint numbers were reported, according to an earlier eWEEK story. T-Mobile was briefly up to 56.8 million customers last week, which surpassed the 55.9 million customers reported by Sprint back in February. Verizon Wireless and AT&T, respectively, continue to lead the U.S. mobile market by quite a healthy margin. "I am proud of the team for successfully executing the first phase of our strategy to stop the decline in customers," Marcelo Claure, Sprint's CEO, said in a statement. "We are now one quarter into the second phase, focusing on attracting more quality customers, retaining our customers through a better customer experience and continuously improving the network. As a result, Sprint platform net additions were the highest in nearly three years, postpaid churn dropped by 46 basis points sequentially, and the network received more awards in major markets, all of which will position the company for profitable growth."
According to the Q4 figures, Sprint's postpaid customer churn rate, for customers who have contracts with Sprint, dropped to 1.84 percent, which is down from 2.11 percent in the same period one year ago.