Sprint reports highest retail phone net additions in more than 2 years

Sprint Corporation (NYSE: S) has reported operating results for the second quarter of fiscal year 2017, including its highest share of postpaid phone gross additions in company history and its third consecutive quarter of net additions in both postpaid phones and prepaid with 279,000 and 95,000 net additions, respectively, the company said.

The company also reported operating income of USD 601 million and its highest fiscal second quarter adjusted EBITDA* in 10 years at USD 2.7 billion.

Net cash provided by operating activities of USD 2 billion improved by USD 251 million year-over-year, bringing the year-to-date total to USD 3.2 billion, an improvement of USD 1 billion compared to a year ago.

Sprint´s execution in both its postpaid and prepaid business resulted in the highest retail phone net additions in more than two years.

Sprint is a communications services company that creates more and better ways to connect its customers to the things they care about most. Sprint served 54 million connections as of Sept. 30, 2017 and is widely recognized for developing, engineering and deploying innovative technologies, including the first wireless 4G service from a national carrier in the United States; no-contract brands including Virgin Mobile USA, Boost Mobile, and Assurance Wireless; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. Sprint has been named to the Dow Jones Sustainability Index (DJSI) North America for the past five years. You can learn more and visit Sprint at www.sprint.com or www.facebook.com/sprint and www.twitter.com/sprint.