Sprint Posts Q2 Results

Today Sprint Nextel released its latest financial and subscriber numbers, posting a net loss and continuing to lose subscribers.  Sprint loss a net 900,000 subscribers over the course of the quarter, dropping to a 51.9 million total.  However its churn rate has improved by dropping 0.45 percent to just under 2.0 percent.  Its wireless subscriber ARPU (average revenue per user) remained stable at $56, but that data is making up an even larger portion of that figure, standing currently at $15 per user.

Sprint forecast shows that it expects its churn rate to go up in the third quarter of this year due to typical seasonal fluctuations, and it also expects to see its subscriber loss rate slow down.