Sprint released its quarterly financial report. Phone+ summarizes:
- Sprint said it earned $19M during the three months that ended June 30.
- Last year it did $370M for the same quarter.
- Revenue increased by approximately 2% from $10B to $10.16 billion
- Sprint added 400,000 new subscribers - 155,000 brought in by wholesale partners and 33,000 from agents - now totals 54M
Sprint is spending on WiMax and 4G - and it is costing them
Sprint is also letting its wireline operations go by the wayside.