The financial woes at Sprint continue, as evidenced by the quarterly results recently announced. Sprint was able to add 764,000 prepaid customers during the quarter but saw another 1.25 million subscribers, the lifeblood for any carrier, removed from the books. Sprint posted a net loss of $594 million and blamed their continuing problems on the weak economy.
It is apparent that Sprint is going to lean just as heavily as Palm on the release of the Palm Pre smartphone to stop the downspin. They’d better hurry up and get that sucker released is all I can say.
Sprint CEO Dan Hesse hinted at the possibility that they are considering letting a third party take over managing their network, a sure indication of just how bad things are at Sprint.
Hesse said Sprint is evaluating the idea of having a third-party company manage some elements of its network to cut costs. But if it decides to go this route, Sprint would be careful to keep network control, he said.
“We would still have management responsibility and ownership of the network,” he said while declining to comment on media reports that Sprint is in talks with Ericsson to have the network equipment maker manage its wireless broadcast towers.
(via Reuters)
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