Sprint Gained Subscribers, ‘Turned The Corner’ In 4Q

A Sprint store in Springfield | Photo by Nicole Lunger
Photo by Nicole Lunger

Sprint Corp. said it added 477,000 subscribers in the last three months of 2013, boosted its revenues and trimmed its financial losses, even in the face of gains by its wireless industry rivals.

The Overland Park, Kan.-based wireless company — one of the Kansas City area’s largest employers — finished the year with 55.35 million subscribers, slightly fewer than it had at the end of 2012. And its $3 billion loss for all of 2013 looked better only in comparison to the $4.4 billion loss a year earlier. Sprint’s chief financial officer, Joe Euteneuer, told analysts during a conference call that the company had “turned the corner” on how much its revenues exceed its operating costs of running the business, though the overall results weren’t yet where he’d like them to be.

Read more from the Kansas City Star


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