Sprint PCS's earnings....720,000 new subs.
biz.yahoo.com
SPRINT PCS GROUP HIGHLIGHTS:
The Sprint PCS Group achieved record third quarter subscriber growth, adding 720,000 new customers -- an 87 percent increase over the third quarter last year
and the third highest quarterly figure ever reported in U.S. wireless industry history. Sprint PCS has added 2.1 million subscribers in the first three quarters of 1999.
-- Sprint PCS ended the quarter with a total of nearly 4.7 million
customers nationwide, more than two-and-one-half times the number a
year ago.
-- Average monthly revenue per user (ARPU) remained steady at $54.
-- Total revenues were $844 million in the third quarter. Operating cash
flow losses were $397 million.
-- Losses for the quarter were $1.31 per share.
-- Capital expenditures were $608 million for the quarter, reflecting the
continued expansion of the company's nationwide network. The Sprint
PCS network, including affiliates, now covers more than 180 million
people nationwide.
''Sprint PCS continues to outperform the industry, adding customers at an industry-leading pace while maintaining healthy revenue per subscriber,'' Esrey said.
In the quarter, Sprint PCS broke new ground in the wireless world with the nationwide launch of the Sprint PCS Wireless Web, a breakthrough suite of simple,
user-friendly wireless data products and services. The Sprint PCS Wireless Web consists of three services:
-- The Wireless Web Browser allows customers to connect to select
Internet-based content "real time" whenever they want, using their
Sprint PCS Phones to interactively browse special text-only versions of
popular web sites;
-- Wireless Web Updates from Yahoo! allows customers to receive automatic
updates straight from Yahoo! directly on their Sprint PCS Phones;
-- The Wireless Web Connection allows customers to do virtually anything
they do today while tethered to a wireline modem -- "on the go," and
wirelessly.
In addition to Yahoo!, Sprint PCS forged relationships with several key content providers for its Wireless Web service including Weather.com, CNN Interactive,
Bloomberg.com, MapQuest.com, InfoSpace.com and Ameritrade.
Sprint PCS also unveiled a full lineup of new web-capable wireless phones from major manufacturers including Samsung, Denso, Qualcomm, Motorola, Sanyo, and
an exciting new Smart Phone from NeoPoint. |
