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3 months ago
Sprint's loss narrows as postpaid subscriptions rise
May 3, 2017 / 11:42 AM / 3 months ago

Sprint's loss narrows as postpaid subscriptions rise

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May 3 (Reuters) - Sprint Corp reported a smaller quarterly loss on Wednesday, as the No. 4 U.S. wireless carrier added more postpaid phone subscribers.

The company, majority owned by Japan's SoftBank Corp, said net loss narrowed to $283 million, or 7 cents per share in the fourth quarter ended March 31, from $554 million, or 14 cents per share, a year earlier.

Net operating revenue rose 5.8 percent to $8.54 billion. (Reporting by Laharee Chatterjee in Bengaluru; Editing by Sai Sachin Ravikumar)

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