Sprint on Wednesday announced adding 87,000 net postpaid phone subscribers in the latest quarter, as the carrier works to gain approval for its proposed merger with T-Mobile.
Additions in the lucrative postpaid phone category improved sequentially and beat analysts’ estimates of 40,000 gains, but were similar to what the No. 4 U.S. wireless carrier reported in the year ago period. Sprint posted 3,000 prepaid additions, down from the 35,000 it added last year. The carrier indicated that its pre-paid unit Boost Mobile saw continued strength, but was partially offset by losses in other brands. The company said 71,000 prepaid customers moved to non-Sprint postpaid services during the quarter.
Overall, Sprint added a net 57,000 wireless subscribers for the three-month period ending June 30, leaving it with a total of 54.6 million customers.
Postpaid churn, and postpaid phone-only churn, while still high compared to peers, were both down for the third consecutive quarter at 1.63 percent and 1.55 percent, respectively. A year ago postpaid phone churn was at 1.50 percent.
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