Sprint’s second quarter report is now up, with some slightly underwhelming growth numbers, but they’ve still got plenty of subscribers. Maybe their WiMAX efforts will pay off, but some think that Sprint will have to seriously kick it up a notch to compete with AT&T and Verizon. Sprint’s added 400,000 subscribers this quarter, which doesn’t seem like much compared to the 1.5 and 1.6 million marks that the competitors are hitting. Regardless, Sprint’s still holding a 54 million user base – nothing to sneeze at.
Total revenues of $8.8 billion, an increase of 3% year-over-year and 1% sequentially; data revenues increased 40% compared to the year-ago period
Adjusted Operating Income of $494 million, a decline compared to the second quarter of 2006 but a strong improvement from the first quarter
Adjusted OIBDA* of $2.67 billion exceeds capital investment by $1.3 billion…
In the quarter, Wireless added nearly 400,000 subscribers and ended the period with a total subscriber base of 54 million, a 5 percent increase from a year ago. …
Sprint Nextel’s 2007 target financial performance includes:
Full-year consolidated operating revenues of $41 to $42 billion.
Adjusted OIBDA* of $11.0 to $11.5 billion.
Capital spending of approximately $7.2 billion.