Sprint's losses narrow, beat Q1 estimates

04/29/2014 | CNET · New York Times (tiered subscription model), The

Sprint's cost-cutting moves paid off in the first quarter, as the carrier today reported smaller losses that beat analyst estimates and higher revenues that matched Wall Street's expectations. The company posted a net loss of 467,000 subscribers, of which 221,000 were under contract. Sprint said it added 516,000 tablet customers. The telecom also said it had added 41 more cities to its 4G network, which Sprint predicted would pass 250 million people by midyear.

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CNET · New York Times (tiered subscription model), The

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