Sprint Reports Q1 Financials
July 30, 2014 at 5:15 AM (PT)
SPRINT, the cellular company offering the NEXTRADIO app, has reported operating results for the first fiscal quarter of 2014, including net income of $23 million, the best performance in almost seven years when excluding the non-cash transaction-related impacts from last year, and consolidated operating income of $519 million, the highest in more than seven years.
“We reached several key milestones for the company this quarter, including largely completing a multi-year project to upgrade our core 3G and voice network, expanding 4G LTE coverage to approximately 254 million people and launching nationwide availability of HD Voice,” said CEO DAN HESSE. “Our complete network replacement impacted the network experience, so we lost customers last quarter. To improve customer confidence given our recent network build progress, we launched the SPRINT Satisfaction Guarantee, which invites customers to experience our new and improved network and enjoy the value of our SPRINT Family plans.”