Sprint 1Q08 results

Sprint continues to report losses, but could see the end of its troubles. It reported $9.3bn (down 8%) in revenues, of which $8bn (-9%) in mobile and $1.6bn (+2%) in wireline. It reported a net loss of $505m, compared with a net loss of $211m last year. In spite of worse numbers, analysts are less worried by the future, because things were slowly turning around. It is true that Sprint continues to loose customers (1.1m in the quarter) pushing total down 1.5% to 52.8m, but the turnover rate is slowing and the new "Simply Everything" plan has done well in keeping customers on Sprint. Data revenues grew 19% to a data ARPU of $11.5.