Sprint Nextel Corp. reported prime humanity 2009 economic results. The company generated $796 million of Free Cash Flow* in the quarter. As of March 31, 2009, the companionship had $4.5 billion of specie and coin of the realm equivalents and $1.4 billion of borrowing perspicacity to hand under its revolving bank believe facility, for unqualified liquidity of $5.9 billion.
The crowd reported consolidated get operating revenues of $8.2 billion and a diluted disappearance per due of 21 cents. The comrades recorded $327 million of severance and withdrawal costs, especially related to the reduction in labour force announced in January 2009.
Adjusted EPS before Amortization* was 3 cents for the quarter. "In the before quarter, we again made maturation in our paramount areas of focus: fiscal stability, improving the person experience and reinvigorating the brand," said Dan Hesse, Sprint Nextel CEO. "We achieved the largest continuous repair in overall inappropriate adds and lattice adds in Sprint Nextel history, reduced churn versus the quondam year, and we generated more than enough readies in this house solo to pay all of our 2009 debt maturities.
"In guy care, our consecutive monthly upgrading in first hail resolution and customer satisfaction metrics has now extended to 15 months. This occurred even as we reduced fetch by discontinuing the use of another six vendor roar centers in the victory quarter, bringing the reduction in designate centers to 17 over the defunct 12 months. We performed well in the J.D. Power 2009 Wireless Call Quality Performance Study, including a deadlock for elementary task in the Western region, and achieved other third-party confirmations of our trustworthy network performance," Hesse said.
In the beginning quarter, the institution announced it will be the fashionable hauler confederate for the Palm® Pre™, a compelling wireless contraption for both consumer and problem customers. Sprint 4G WiMAX usefulness is currently at in Baltimore and is expected to be available in Portland this summer. In the in front quarter, the house announced it also plans to skiff WiMAX service in Atlanta, Las Vegas, Chicago, Charlotte, Dallas/Ft. Worth, Honolulu, Philadelphia and Seattle in 2009, and expects 2010 open cities to allow for New York, Boston, Washington, D.C., Houston and the San Francisco Bay Area.
WIRELESS RESULTS * The entourage served 49.1 million customers at the end of the quarter, compared to 49.3 million at the end of 2008. This includes 35.4 million post-paid subscribers (25.3 million on CDMA, 8.9 million on iDEN, and 1.2 million Power Source users who utilize both networks), 4.3 million prepaid subscribers (3.5 million on iDEN and 800,000 on CDMA) and 9.4 million wholesale and affiliate subscribers, all of whom utilize our CDMA network. * For the quarter, reckon wireless customers declined by approximately 182,000, including take-home losses of 1.25 million post-paid customers – comprising 531,000 CDMA and 719,000 iDEN customers (including a end 94,000 customers who transferred from the iDEN network to the CDMA network).
The circle also damned 90,000 prepaid CDMA customers. The cast gained a lattice-work 764,000 prepaid iDEN customers and 394,000 wholesale and affiliate subscribers. The guest achieved sum subscriber vegetation on the iDEN network.
No comments:
Post a Comment