Sprint Nextel Reports Second Quarter 2012 Results and Updates Full Year Forecast
Best ever Sprint platform postpaid ARPU of $63.38 drives Sprint platform wireless service revenue growth of 16 percent year-over-year
Best ever Sprint platform postpaid churn of 1.69 percent
Continued strong iPhone sales of nearly 1.5 million - 40 percent to new postpaid customers
Network Vision deployment continues on track
Launched 4G LTE in five major markets and 15 cities on July 15
Continue to expect 12,000 sites on air by the end of 2012
Shutdown of 9,600 Nextel sites now complete
60 percent of postpaid subscribers leaving Nextel platform recaptured on Sprint platformOperating loss of $629 million; Adjusted OIBDA* of $1.45 billion increases 10 percent year-over-year and includes Network Vision and iPhone dilution
Year-over-year increase in Adjusted OIBDA* is the highest in more than five years
Sequential quarterly increase in Adjusted OIBDA* of 20 percent
2012 Adjusted OIBDA* forecast increased to between $4.5 billion and $4.6 billion...