Investors should “stay tuned” to possible future changes to Sprint...
Investors should “stay tuned” to possible future changes to Sprint Nextel’s tablet strategy, CEO Daniel Hesse said during a conference call Thursday. He declined to comment further on the issue, but repeated Sprint’s past assertions that the company has no…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
plans to adopt a shared-data plan similar to those recently introduced by Verizon Wireless and AT&T. “What we want our rate plans to stand for is simplicity and value and ‘unlimited’ is still a significant differentiator,” he said. “And I think our rate plans are significantly simpler for customers to understand.” Meanwhile, Sprint posted a Q2 net loss of $1.37 billion, versus a $863 million loss for the same period last year. The company earned $8.84 billion in operating revenue for the quarter, up year-over-year from $8.31 billion. Much of the loss stemmed from costs related to Sprint’s shutdown of its Nextel network, as well as investments in Clearwire and the ongoing Network Vision improvement project, company officials said during a conference call. The company added 283,000 net subscribers during the quarter. While the company lost 688,000 net customers as a result of its Nextel shutdown, 60 percent of those subscribers remained with the company through the Sprint network. The company sold 1.5 million iPhones during the quarter -- the same as it did last quarter. Sprint’s iPhone sales are critical to its turnaround plans, something Hesse said will keep customers.