Sprint Nextel added 400,000 mobile users in Q2, giving it a total of 54 million, up 5% from a year ago. Consolidated net operating revenues of $10.2 billion in the second quarter were 2% above the year-ago period and increased 1% sequentially. Diluted earnings per share (EPS) from continuing operations was 1 cent, compared to 10 cents in the second quarter of 2006, and a loss of 7 cents per share in the first quarter of 2007.
Some highlights:
- Post-paid subscribers increased by 16,000, reflecting a gain in CDMA subscribers, offset by a decline in iDEN subscribers.
- At the end of the quarter, the company served 41.6 million post-paid subscribers, including 25.3 million on CDMA, 15.5 million on iDEN and 850,000 PowerSource users who access both platforms.
- Boost Mobile prepaid net subscriber additions were 169,000 for the quarter, including approximately 100,000 net additions from the Boost Unlimited plan. The total Boost Mobile base at the end of the period was nearly 4.5 million.
- Wholesale channels added 155,000 subscribers in the quarter, and the total base at the end of the period was 7.0 million.
- Affiliate channels added 33,000 subscribers in the quarter, increasing the base to 978,000.
- In its wireline division, the company noted that IP revenues increased 37% year-over-year and 8% sequentially, due to strength in dedicated IP services for enterprise customers and strong growth in cable VoIP services. IP services now represent nearly a quarter of total wireline revenues.
- Legacy data services were in line with the first quarter levels but declined 15% year-over-year, mainly due to migration to IP platform technologies.
- Sprint Nextel’s wireline is now supporting more than 2.0 million cable telephony subscribers after adding more than 300,000 subscribers in the second quarter. In the period, Cable VoIP revenues increased 60% annually.
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