Sprint gains 173,000 postpaid connections, but reports loss of $302m

Sprint has released its quarterly figures which demonstrated healthy gains in the postpaid business, up 173,000 connections, but did post a $302 million loss for the period. Despite the loss, which compared to a net loss of $20 million for the same period last year, the financial markets reacted positively to the news, with share prices up around 21% at the time of writing. The current quarter included $113 million of non-recurring contract termination charges, related to the termination of the pre-existing wholesale arrangement with Ntelos.

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