Sprint Looses Nearly Half a Milion Subs in Q3

Posted by Kallan Dahn Thursday, October 25, 2012

Sprint announced their third quarter results during a conference call this week.  The results show that Sprint has lost 423,000 subscribers during this quarter.  Sprints focus this quarter has been preparing the shut down the Nextel iDEN network.  Sprint maintains that the benefits of the CDMA network vastly outweigh what they would gain by maintaining the antiquated iDEN network.  This year 9,600 iDEN sites have already been taken offline, and a complete shut down is estimated to come in the middle of 2013.  Sprint recently fortified their position in Clearwire by increasing the their stock position by $100 Million to provide 50.8% ownership of the available stock assets.  Clearwire is planning to provide 5,800 TD-LTE sites by mid 2013, that Sprint will use to eschew data from their own network.  CEO Dan Hesse did not provide much insight on the offer from Softbank to purchase 70% of the company, but made statements leading some to believe that Softbank may fund their spectrum acquisitions.

Via Fierce Wireless

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