With the upcoming introduction of its LTE network and vast fall smartphone lineup, US Cellular’s a regional carrier with a lot to look forward to. But its efforts over the second quarter, paired with the hopes of a bright future ahead, weren’t enough to keep a few thousand customers from parting ways. While most of the reported figures were quite pleasant year-over-year — service revenues bumped up three percent to $1 billion, percentage of smartphones sold skyrocketed to nearly 40 percent, ARPU increased to $51.84, and total operating income shot up a whole 61 percent — the company also experienced a loss of 58,000 customers over the course of three months. The carrier doesn’t seem too worried about this particular figure, however, as it stated its excitement about the launch of its 4G service later this year. Will the bleak and cold winter become warm and toasty because of a blazing-hot network? We’re eager to find out. Hit the source link for the full quarterly earnings.
Sprint on Thursday reported greater than expected losses in the second quarter despite modest revenue growth. The nation’s No. 3 carrier pulled in $8.3 billion in its June quarter, up 4% from the same quarter a year prior, but it wasn’t enough to bring the company back into the black. Sprint’s net losses in the second quarter totalled $827 million, 11% worse than the $760 million loss it reported in the second quarter of 2010. On the bright side, however, those losses include $588 million in bad investments and a $52 million tax charge from the state of Michigan, so Sprint would have shown sequential and year-over-year improvements if not for those losses. Sprint also reported its best subscriber churn of late in the second quarter, adding more than a million new subscribers despite shedding 101,000 net wireless postpaid customers. “Sprint’s second quarter results, including our fourteenth consecutive quarter of improved customer care satisfaction, our best ever postpaid churn, more than 1 million net wireless subscriber additions and wireless service revenue growth, validate that our focus on providing simplicity, value and an unmatched customer experience is working,” said Sprint CEO Dan Hesse in a statement. Of note, sprint also announced a deal with LightSquared on Thursday that will see it bring 4G LTE services to 260 million Americans by 2015.
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