WirelessAdvisor.com

larry · 07-28-2003, 3:45 PM

link

This will quiet some of the critics. [img]i/expressions/face-icon-small-smile.gif[/img] Churn gets reduced from 3.1% to 2.4%

Here's a clip from the press release:

-- Churn of 2.4% improved from 3.1% in the first quarter and compares with

2.9% in the second quarter a year ago.

-- In the quarter ARPU* was $62, compared to $61 in the same period last

year and $59 in the first quarter. Average customer usage of nearly 131/2

hours per month in the quarter compared to nearly 11 hours a year ago and

12 hours in the first quarter.

-- CCPU* of just under $31 decreased 5% year over year and remained flat

sequentially. Without the executive separation charge of $19 million,

CCPU was approximately $30. In the quarter, bad debt expense improved

substantially.

-- CPGA* was $415 versus $350 in the year-ago second quarter and $365 in

the first quarter of 2003.

Second quarter churn improvement was driven primarily by tighter credit requirements resulting in improvements in customers' credit quality. Churn reduction was also influenced by improved customer service, integrated service offerings, and continuing coverage and capacity improvements in the PCS network. At the end of the quarter, combined, post-paid retail, non-equity affiliate and resale customers reached 18.8 million, a 10% increase over the past 12 months.

The total number of PCS Vision subscribers reached 2.1 million by quarter's end, up from 1.3 million last quarter. Increased customer adoption of PCS Vision and increased data usage by Vision customers contributed to the success of new applications such as PictureMail and successful product offerings, such as the Sanyo 8100 -- both launched in second quarter.

GoodmanR · 07-28-2003, 5:37 PM

AWE did allright too if i remember right.

sprint has been the fastest growing company for awhile though.

larry · 07-28-2003, 7:23 PM

Who's AWE?

Rich · 07-28-2003, 9:55 PM

Larry.. At&T wireless, silly[img]i/expressions/face-icon-small-wink.gif[/img]

bobolito · 07-28-2003, 10:13 PM

AWE is their stock market symbol.

I believe the fastest growing carrier has been T-Mobile as far as I know. Anyone cares to correct me?

Also, I liked that piece of data that says Sprint's network served 37 BILLION minutes of airtime in the past quarter! How many years is that?

larry · 07-28-2003, 10:50 PM

Yes it's now T-Mobile I believe. Sprint was the fastest growing for about 3 1/2 years (1999-2002).

NYCDru · 07-29-2003, 6:43 AM

Quote:

Originally posted by: bobolito
AWE is their stock market symbol.

I believe the fastest growing carrier has been T-Mobile as far as I know. Anyone cares to correct me?

Also, I liked that piece of data that says Sprint's network served 37 BILLION minutes of airtime in the past quarter! How many years is that?

70,395.74 years

Thats alot of years.

Kenster · 07-29-2003, 9:53 AM

NYC,

I can't tell but are you joking or being serious?

bobolito · 07-29-2003, 12:19 PM

Let me see.....

37,000,000,000 minutes divided by 60 is
616,666,666.66666666666666666666667 hours.

Divided by 24 comes to 25,694,444.444444444444444444444444 days.

Divide that by 365 is 70,395.738203957382039573820395738 YEARS!

So....no Kenster, I don't think NYC is joking....
[img]i/expressions/face-icon-small-wink.gif[/img]

What's funny is that I got someone to come out and actually do the calculation!

In 70,395 years, I think 3G will be obsolete. Maybe we'll be using 900G or more! and hopefully that's enough time to fill in all the dead spots!....LOL

AnthroMatt · 07-29-2003, 12:25 PM

I think in 70 thousand years there won't be much of anything left on this planet. [img]i/expressions/face-icon-small-sad.gif[/img]

And leap years will add another 50 years or so onto that total. [img]i/expressions/face-icon-small-smile.gif[/img]

bobolito · 07-29-2003, 12:28 PM

Quote:

Originally posted by: AnthroMatt
I think in 70 thousand years there won't be much of anything left on this planet. [img]i/expressions/face-icon-small-sad.gif[/img]

Yes there will be something left. It's called Al-Qaeda [img]i/expressions/face-icon-small-wink.gif[/img]

Kenster · 07-29-2003, 12:36 PM

Well I was asking if he was joking because you can't take the number of minutes and then stretch it out into x thousands of years because the minutes are used concurrently by millions of customers!!! You're assuming that only 1 Sprint customer is making a call at any given time, which therefore would probably work out to tens of thousands of years.

That's why I was asking...but then I wasn't sure if you were joking with me or being serious?

ComicalMoodyDan · 07-29-2003, 1:07 PM

These numbers seemed pretty inflated to me. I have a little clip in my email from CTIA Daily News that states the numbers quite differently then that article does.

Sprint Posts Small Profit

Sprint announced a slight profit, with net income at $7 million as compared to a net loss of $68 million last year. Sprint PCS added 360,000 retail subscribers, 308,000 of which were in the second quarter of 2002. It also gained 177,000 subscribers through its reseller agreement with Virgin Mobile. Sprint PCS’s average revenue per user (ARPU) was $62, up $1 from last year. (Source: Wall Street Journal)

bobolito · 07-29-2003, 1:26 PM

Well, of course we all know you can't just take the minutes and count them as if it was one customer only ...duh! I was only trying to observe the equivalent of all those minutes in real time and so it comes out to be over 70,000 years worth of airtime.

bobolito · 07-29-2003, 1:28 PM

Quote:

Originally posted by: TNDan21
These numbers seemed pretty inflated to me. I have a little clip in my email from CTIA Daily News that states the numbers quite differently then that article does.

Sprint Posts Small Profit

Sprint announced a slight profit, with net income at $7 million as compared to a net loss of $68 million last year. Sprint PCS added 360,000 retail subscribers, 308,000 of which were in the second quarter of 2002. It also gained 177,000 subscribers through its reseller agreement with Virgin Mobile. Sprint PCS’s average revenue per user (ARPU) was $62, up $1 from last year. (Source: Wall Street Journal)

Now I don't know who to believe....[img]i/expressions/face-icon-small-sad.gif[/img]

larry · 07-29-2003, 1:35 PM

Quote:

Originally posted by: TNDan21
These numbers seemed pretty inflated to me. I have a little clip in my email from CTIA Daily News that states the numbers quite differently then that article does.

Sprint Posts Small Profit

Sprint announced a slight profit, with net income at $7 million as compared to a net loss of $68 million last year. Sprint PCS added 360,000 retail subscribers, 308,000 of which were in the second quarter of 2002. It also gained 177,000 subscribers through its reseller agreement with Virgin Mobile. Sprint PCS’s average revenue per user (ARPU) was $62, up $1 from last year. (Source: Wall Street Journal)

It sounds like they left off the new affiliate customers. In any event I will believe Sprint's own press release (for now) over someone else's. But regardless they still have a great quarter if you take into consideration the huge drop in churn as well as the increased RPU and higher quality customer base.

bobolito · 07-29-2003, 2:06 PM

You have to be careful to see which numbers you are reading because it can get confusing. The article Larry posted has several instances of revenues, each one was a different type. They also have different types of customer adds, income, expenses, number of customers, number of sites, etc. It can get quite complicated.

larry · 07-29-2003, 2:44 PM

Yes good point and sometimes people will even confuse the numbers and news reports of the Sprint landline division with the numbers of the wireless division which are both seperate.

larry · 07-29-2003, 5:06 PM

Here's another source that states Sprint added 617K new customers last quarter:

Sprint Posts Flat 2Q Profits, Ups Earnings Forecast

July 29, 2003 5:29pm

Vol. 9 No. 137

Advertisement: Explore Within This Space

Sprint [NYSE: FON, PCS] on Monday reported a flat second-quarter profit as revenues decreased. Sprint FON Group, the company's main local, data and long-distance business, reported a second-quarter profit of $99 million, or 11 cents a share, compared with a profit of $102 million, or 12 cents a share, a year ago. Revenue for the quarter slipped to $3.54 billion from $3.84 billion a year ago. Sprint PCS reported a loss of $92 million, or 9 cents a share, compared to a loss of $170 million, or 17 cents a share, a year ago. Sales for the group rose 2.6 percent to $3.09 billion while the company added 617,000 new wireless customers, about triple the amount of new customers in this year's first quarter.

Excluding one-time costs, Sprint overall earned 35 cents a share for the quarter, up from 31 cents a year ago. Analysts had projected the company to report an earning per share, excluding one-time costs, of 33 cents, according to research firm Thomson First Call. The company raised its 2003 forecast to $1.35 to $1.40 a share, up from its previous estimate of $1.30 to $1.35 a share. [Copyright 2003 PBI Media, LLC. All rights reserved.]

link

jayc · 08-01-2003, 1:07 PM

It's a good thing VZW added over 2x that amount... Sprint has a long way to go! [img]i/expressions/face-icon-small-wink.gif[/img]

larry · 08-01-2003, 1:32 PM

But of course Verizon has a much lower APRU than Sprint so in that respect Verizon has a long way to go.

I knew when I saw a post added from jayc in this thread it would be something to downplay Sprint before I even read it. [img]i/expressions/face-icon-small-wink.gif[/img]

Even the harshes of Sprint critics have come out on the forums and said they are turning things around.

jayc · 08-01-2003, 6:10 PM

lol... after a week with no internet i had an itching to find a post to get larry to grind his teeth. [img]i/expressions/face-icon-small-wink.gif[/img]

07-28-2003, 3:45 PM	#1
larry Go Angels! Join Date: Oct 2001 Location: Orange County, CA Posts: 13,384 Phone(s): LG Rumor 2, Sanyo Katana II Provider(s): Sprint Thanks: 29 Thanked 25 Times in 24 Posts Images: 154 My Auctions	Sprint adds 617,000 total customers in 2nd quarter and greatly reduces churn link This will quiet some of the critics. [img]i/expressions/face-icon-small-smile.gif[/img] Churn gets reduced from 3.1% to 2.4% Here's a clip from the press release: -- Churn of 2.4% improved from 3.1% in the first quarter and compares with 2.9% in the second quarter a year ago. -- In the quarter ARPU* was $62, compared to $61 in the same period last year and $59 in the first quarter. Average customer usage of nearly 131/2 hours per month in the quarter compared to nearly 11 hours a year ago and 12 hours in the first quarter. -- CCPU* of just under $31 decreased 5% year over year and remained flat sequentially. Without the executive separation charge of $19 million, CCPU was approximately $30. In the quarter, bad debt expense improved substantially. -- CPGA* was $415 versus $350 in the year-ago second quarter and $365 in the first quarter of 2003. Second quarter churn improvement was driven primarily by tighter credit requirements resulting in improvements in customers' credit quality. Churn reduction was also influenced by improved customer service, integrated service offerings, and continuing coverage and capacity improvements in the PCS network. At the end of the quarter, combined, post-paid retail, non-equity affiliate and resale customers reached 18.8 million, a 10% increase over the past 12 months. The total number of PCS Vision subscribers reached 2.1 million by quarter's end, up from 1.3 million last quarter. Increased customer adoption of PCS Vision and increased data usage by Vision customers contributed to the success of new applications such as PictureMail and successful product offerings, such as the Sanyo 8100 -- both launched in second quarter.

07-28-2003, 5:37 PM	#2
GoodmanR Join Date: Jun 2003 Location: New York, NY Posts: 3,140 Phone(s): Moto v3 Razr, Blackberry 7230 Provider(s): Cingular (Voice) + T-Mobile (Blackberry) Devices: Crackberry Thanks: 0 Thanked 0 Times in 0 Posts	Sprint adds 617,000 total customers in 2nd quarter and greatly reduces churn AWE did allright too if i remember right. sprint has been the fastest growing company for awhile though. __________________ New Job = New Phone

07-28-2003, 7:23 PM	Original Poster #3
larry Go Angels! Join Date: Oct 2001 Location: Orange County, CA Posts: 13,384 Phone(s): LG Rumor 2, Sanyo Katana II Provider(s): Sprint Thanks: 29 Thanked 25 Times in 24 Posts Images: 154 My Auctions	Sprint adds 617,000 total customers in 2nd quarter and greatly reduces churn Who's AWE?

07-28-2003, 9:55 PM	#4
Rich Join Date: Oct 2001 Location: Pennsauken,NJ Posts: 762 Phone(s): Instinct Provider(s): Sprint Thanks: 0 Thanked 0 Times in 0 Posts My Auctions	Sprint adds 617,000 total customers in 2nd quarter and greatly reduces churn Larry.. At&T wireless, silly[img]i/expressions/face-icon-small-wink.gif[/img] __________________ "Make something fool-proof and someone will make a better fool."

07-28-2003, 10:13 PM	#5
bobolito iPhone 3G 16GB (White) Join Date: May 2002 Location: in front of my computer Posts: 12,542 Phone(s): iPhone 3G, Sierra 875 3G Aircard Provider(s): AT&T Mobility Devices: WiFi cards/Access points Thanks: 3 Thanked 17 Times in 14 Posts Images: 50 My Auctions	Sprint adds 617,000 total customers in 2nd quarter and greatly reduces churn AWE is their stock market symbol. I believe the fastest growing carrier has been T-Mobile as far as I know. Anyone cares to correct me? Also, I liked that piece of data that says Sprint's network served 37 BILLION minutes of airtime in the past quarter! How many years is that? __________________

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07-28-2003, 10:50 PM	Original Poster #6
larry Go Angels! Join Date: Oct 2001 Location: Orange County, CA Posts: 13,384 Phone(s): LG Rumor 2, Sanyo Katana II Provider(s): Sprint Thanks: 29 Thanked 25 Times in 24 Posts Images: 154 My Auctions	Sprint adds 617,000 total customers in 2nd quarter and greatly reduces churn Yes it's now T-Mobile I believe. Sprint was the fastest growing for about 3 1/2 years (1999-2002).

07-29-2003, 9:53 AM	#8
Kenster Join Date: Dec 2002 Posts: 421 Thanks: 0 Thanked 0 Times in 0 Posts	Sprint adds 617,000 total customers in 2nd quarter and greatly reduces churn NYC, I can't tell but are you joking or being serious?

07-29-2003, 12:19 PM	#9
bobolito iPhone 3G 16GB (White) Join Date: May 2002 Location: in front of my computer Posts: 12,542 Phone(s): iPhone 3G, Sierra 875 3G Aircard Provider(s): AT&T Mobility Devices: WiFi cards/Access points Thanks: 3 Thanked 17 Times in 14 Posts Images: 50 My Auctions	Sprint adds 617,000 total customers in 2nd quarter and greatly reduces churn Let me see..... 37,000,000,000 minutes divided by 60 is 616,666,666.66666666666666666666667 hours. Divided by 24 comes to 25,694,444.444444444444444444444444 days. Divide that by 365 is 70,395.738203957382039573820395738 YEARS! So....no Kenster, I don't think NYC is joking.... [img]i/expressions/face-icon-small-wink.gif[/img] What's funny is that I got someone to come out and actually do the calculation! In 70,395 years, I think 3G will be obsolete. Maybe we'll be using 900G or more! and hopefully that's enough time to fill in all the dead spots!....LOL __________________

07-29-2003, 12:25 PM	#10
AnthroMatt Big Meanie Join Date: Jul 2002 Location: Mesa, AZ Posts: 8,630 Phone(s): BlackBerry Tour, Sanyo 4920 Provider(s): Sprint + Airave Thanks: 11 Thanked 14 Times in 11 Posts Images: 1	Sprint adds 617,000 total customers in 2nd quarter and greatly reduces churn I think in 70 thousand years there won't be much of anything left on this planet. [img]i/expressions/face-icon-small-sad.gif[/img] And leap years will add another 50 years or so onto that total. [img]i/expressions/face-icon-small-smile.gif[/img] __________________ Twitter

07-29-2003, 12:36 PM	#12
Kenster Join Date: Dec 2002 Posts: 421 Thanks: 0 Thanked 0 Times in 0 Posts	Sprint adds 617,000 total customers in 2nd quarter and greatly reduces churn Well I was asking if he was joking because you can't take the number of minutes and then stretch it out into x thousands of years because the minutes are used concurrently by millions of customers!!! You're assuming that only 1 Sprint customer is making a call at any given time, which therefore would probably work out to tens of thousands of years. That's why I was asking...but then I wasn't sure if you were joking with me or being serious?

07-29-2003, 1:07 PM	#13
ComicalMoodyDan Join Date: Dec 2001 Location: Kingsport, TN Posts: 6,071 Phone(s): Samsung Gravity 2, Samsung Smooth Provider(s): T-Mobile, Verizon Wireless Devices: T-Mobile @Home Thanks: 0 Thanked 20 Times in 15 Posts	Sprint adds 617,000 total customers in 2nd quarter and greatly reduces churn These numbers seemed pretty inflated to me. I have a little clip in my email from CTIA Daily News that states the numbers quite differently then that article does. Sprint Posts Small Profit Sprint announced a slight profit, with net income at $7 million as compared to a net loss of $68 million last year. Sprint PCS added 360,000 retail subscribers, 308,000 of which were in the second quarter of 2002. It also gained 177,000 subscribers through its reseller agreement with Virgin Mobile. Sprint PCS’s average revenue per user (ARPU) was $62, up $1 from last year. (Source: Wall Street Journal)

07-29-2003, 1:26 PM	#14
bobolito iPhone 3G 16GB (White) Join Date: May 2002 Location: in front of my computer Posts: 12,542 Phone(s): iPhone 3G, Sierra 875 3G Aircard Provider(s): AT&T Mobility Devices: WiFi cards/Access points Thanks: 3 Thanked 17 Times in 14 Posts Images: 50 My Auctions	Sprint adds 617,000 total customers in 2nd quarter and greatly reduces churn Well, of course we all know you can't just take the minutes and count them as if it was one customer only ...duh! I was only trying to observe the equivalent of all those minutes in real time and so it comes out to be over 70,000 years worth of airtime. __________________

07-29-2003, 2:06 PM	#17
bobolito iPhone 3G 16GB (White) Join Date: May 2002 Location: in front of my computer Posts: 12,542 Phone(s): iPhone 3G, Sierra 875 3G Aircard Provider(s): AT&T Mobility Devices: WiFi cards/Access points Thanks: 3 Thanked 17 Times in 14 Posts Images: 50 My Auctions	Sprint adds 617,000 total customers in 2nd quarter and greatly reduces churn You have to be careful to see which numbers you are reading because it can get confusing. The article Larry posted has several instances of revenues, each one was a different type. They also have different types of customer adds, income, expenses, number of customers, number of sites, etc. It can get quite complicated. __________________

07-29-2003, 2:44 PM	Original Poster #18
larry Go Angels! Join Date: Oct 2001 Location: Orange County, CA Posts: 13,384 Phone(s): LG Rumor 2, Sanyo Katana II Provider(s): Sprint Thanks: 29 Thanked 25 Times in 24 Posts Images: 154 My Auctions	Sprint adds 617,000 total customers in 2nd quarter and greatly reduces churn Yes good point and sometimes people will even confuse the numbers and news reports of the Sprint landline division with the numbers of the wireless division which are both seperate.

07-29-2003, 5:06 PM	Original Poster #19
larry Go Angels! Join Date: Oct 2001 Location: Orange County, CA Posts: 13,384 Phone(s): LG Rumor 2, Sanyo Katana II Provider(s): Sprint Thanks: 29 Thanked 25 Times in 24 Posts Images: 154 My Auctions	Sprint adds 617,000 total customers in 2nd quarter and greatly reduces churn Here's another source that states Sprint added 617K new customers last quarter: Sprint Posts Flat 2Q Profits, Ups Earnings Forecast July 29, 2003 5:29pm Vol. 9 No. 137 Advertisement: Explore Within This Space Sprint [NYSE: FON, PCS] on Monday reported a flat second-quarter profit as revenues decreased. Sprint FON Group, the company's main local, data and long-distance business, reported a second-quarter profit of $99 million, or 11 cents a share, compared with a profit of $102 million, or 12 cents a share, a year ago. Revenue for the quarter slipped to $3.54 billion from $3.84 billion a year ago. Sprint PCS reported a loss of $92 million, or 9 cents a share, compared to a loss of $170 million, or 17 cents a share, a year ago. Sales for the group rose 2.6 percent to $3.09 billion while the company added 617,000 new wireless customers, about triple the amount of new customers in this year's first quarter. Excluding one-time costs, Sprint overall earned 35 cents a share for the quarter, up from 31 cents a year ago. Analysts had projected the company to report an earning per share, excluding one-time costs, of 33 cents, according to research firm Thomson First Call. The company raised its 2003 forecast to $1.35 to $1.40 a share, up from its previous estimate of $1.30 to $1.35 a share. [Copyright 2003 PBI Media, LLC. All rights reserved.] link

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08-01-2003, 1:07 PM	#20
jayc Join Date: Dec 2002 Location: Johnson City, TN Posts: 1,418 Phone(s): Samsung A670, LG VX6100, AirPrime PC 5220 Provider(s): Verizon Wireless Thanks: 0 Thanked 0 Times in 0 Posts	Sprint adds 617,000 total customers in 2nd quarter and greatly reduces churn It's a good thing VZW added over 2x that amount... Sprint has a long way to go! [img]i/expressions/face-icon-small-wink.gif[/img]

08-01-2003, 1:32 PM	Original Poster #21
larry Go Angels! Join Date: Oct 2001 Location: Orange County, CA Posts: 13,384 Phone(s): LG Rumor 2, Sanyo Katana II Provider(s): Sprint Thanks: 29 Thanked 25 Times in 24 Posts Images: 154 My Auctions	Sprint adds 617,000 total customers in 2nd quarter and greatly reduces churn But of course Verizon has a much lower APRU than Sprint so in that respect Verizon has a long way to go. I knew when I saw a post added from jayc in this thread it would be something to downplay Sprint before I even read it. [img]i/expressions/face-icon-small-wink.gif[/img] Even the harshes of Sprint critics have come out on the forums and said they are turning things around.

08-01-2003, 6:10 PM	#22
jayc Join Date: Dec 2002 Location: Johnson City, TN Posts: 1,418 Phone(s): Samsung A670, LG VX6100, AirPrime PC 5220 Provider(s): Verizon Wireless Thanks: 0 Thanked 0 Times in 0 Posts	Sprint adds 617,000 total customers in 2nd quarter and greatly reduces churn lol... after a week with no internet i had an itching to find a post to get larry to grind his teeth. [img]i/expressions/face-icon-small-wink.gif[/img]

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