Sprint keeps loosing Money.. but adds 1.1 Million customers

By: t-marco April 28th, 2011

Today Sprint has officially reported its firs quarter 2011 earnings.  The yellow company has added 1.1 million subscribers, however, they lost money. Admittedly, Sprint’s net loss in the first quarter of 2011 was a vast improvement over the first quarter of 2010 when it posted a loss of $865 million. This time only lost  US$ 439 millions.

“We’ve added two million wireless subscribers over the past two quarters,” said company CEO, Dan Hesse. “In spite of Verizon’s iPhone launch and aggressive competitive responses to it, our simple and unlimited plans, 4G leadership, strong customer service, and successful multi-brand strategy drove solid Sprint performance for the quarter.”


Filed Under: Sprint News

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6 Responses to “Sprint keeps loosing Money.. but adds 1.1 Million customers”

  1. WazzuKirk on April 28th, 2011 10:54 am

    My family and I are recent converts from T-Mobile. With all the crud going on with AT&T and TMO, Sprint will be getting a LOT more customers and will be in the green within a year.

  2. sanjsrik on April 29th, 2011 8:00 am

    Where are they “loosing” it to?

  3. McHerr on April 29th, 2011 8:21 am

    “Loosing” – Perhaps they’re letting their money run all over the place.

  4. Jeff Estep on April 29th, 2011 11:17 am

    Please correct the spelling, it’s LOSING, not LOOSING. Loosing would be to real ease, as in make a belt loose. LOSING is the opposite of gaining….sorry but this is a pet peeve of mine and it makes our blog look amateurish. Feel free to delete this once it is corrected

  5. SHOTT3R on April 29th, 2011 4:13 pm

    “Loosing would be to real ease, as in make a belt loose.”

    I suspect you mean to say “release”?

    /Grammar Nazi’d

  6. JohnnyX5 on May 5th, 2011 12:07 pm

    Sprint does not have alot of towers to begin with we all know CDMA is the most reliable network in the industry today compare to GSM which totally sucks Att and Tmobile and Sprint’s nextel and its prepaid Boost has certainly proven That…GSM networks has the highest rates of dropped calls…Sprint needs to focus on expansion then..Sprint made stupid decisions on buying out Nextel..i had nextel the only thing i like about nextel is the walkie talkie feature thats all but i had alot of friends who were not on Nextel…so whats the use? where most of my friends had Verizon…Sprint needs to learn something from verizon “EXPANSION” know how to market your products…just like the way Apple fools people by its marketing techniques

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