Sprint loses fewer-than-expected phone subscribers
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FILE PHOTO: A woman walks past a Sprint store in New York City, U.S., April 27, 2018. REUTERS/Brendan McDermid/File Photo
(Reuters) – Sprint Corp (S.N) on Friday reported fewer-than-feared losses in quarterly net phone subscribers who pay a monthly bill, as the U.S. wireless carrier’s cheaper plans helped it retain customers amid its pending merger with larger rival T-Mobile US (TMUS.O).
The company said it lost a net 128,000 phone subscribers during the first quarter. Analysts were expecting a net loss of 150,000 subscribers, according to research firm FactSet.
Total net operating revenue rose to $8.14 billion from $8.13 billion. Analysts had expected revenue of $8.06 billion, according to IBES data from Refinitiv.
Reporting by Arjun Panchadar in Bengaluru; Editing by Shailesh Kuber