Sprint has finally fallen behind its major rival in the US, after watching its competitor grow and expand its reach more and more. T-Mobile has now surpassed Sprint to become the third largest carrier nationwide. Today, Sprint published its recent earning report which indicated an increase of 675,000 new subscribers. T-Mobile’s recent report showed an addition of 2 million new customers, giving it a total of 58.9 million users, while Sprint reported a total of 57 million customers.
According to Sprint, the company lost 12,000 postpaid customers during the second quarter. Last year, 620,000 postpaid customers left Sprint during the second quarter. During this time, the nation’s then third largest carrier hit a record low 1.56% churn rate. This is a significant improvement from the 2.05% churn rate Sprint went through during last year’s second quarter.
During the quarter, postpaid subscribers reached 310,000. In the 2014 quarter, 181,000 customers left spring. Thanks to the carrier aggregate that brings in spectrum to create channels in the 2.5GHz band. Sprint is investing much effort to complete the “store-within-a-store” concept it is creating in 1435 Radio Shack locations in the country. The company has completed 25% of the locations and the rest is to be finished before the year runs to an end. Sprints also went into an agreement with the European phone retailer Dixon’s Carphone to open 20 new U.S Sprint stores with a lot of future growth expected.
Also the Sprint’s Direct 2 you is fully operational. This service allows a phone expert to personally deliver and customize your new phone at certain locations in markets: Chicago, Dallas, Denver, Kansas City, Los Angeles, Miami, New York, San Francisco, Tampa and Washington, D.C.
For the second quarter, Sprint’s operating profit was $501 million compared to its last year’s operating income of $520 million. However, after deducting debts and loans, the company said it had a net loss of $20 million. In other words, 1 cent a share for the 2015 second quarter. While the company recorded a net profit of $23 million, or 1 cent a share during the second quarter.