https://www.channelfutures.com/wp-content/themes/channelfutures_child/assets/images/logo/footer-new-logo.png
  • Home
  • Technologies
    • Back
    • SDN/SD-WAN
    • Cloud
    • RMM/PSA
    • Security
    • Telephony/UC/Collaboration
    • Cable
    • Mobility & Wireless
    • Fiber/Ethernet
    • Data Centers
    • Backup & Disaster Recovery
    • IoT
    • Desktop
    • Artificial Intelligence
    • Analytics
  • Strategy
    • Back
    • Mergers and Acquisitions
    • Channel Research
    • Business Models
    • Distribution
    • Master Agents
    • Sales & Marketing
    • Best Practices
    • Vertical Markets
    • Regulation & Compliance
    • Diversity & Inclusion
  • MSSP Insider
  • MSP 501
    • Back
    • Apply Now
    • 2020 MSP 501 Rankings
    • 2020 Hot 101 Rankings
    • 2020 MSP 501 Report
  • Intelligence
    • Back
    • Galleries
    • Podcasts
    • Videos
    • From the Industry
    • Reports/Digital Issues
    • Webinars
    • White Papers
    • Channel Educational Series
  • EMEA
  • Channel Chatter
    • Back
    • People on the Move
    • New/Changing Channel Programs
    • New Products & Services
    • Industry Honors
    • Channel Convergence
  • Resources
    • Back
    • Advisory Boards
    • Industry Organizations
    • Our Sponsors
    • Content Resources
  • Awards
    • Back
    • 2021 MSP 501
    • Circle of Excellence
    • Excellence in Digital Services
    • Top Gun 51
  • Events
    • Back
    • CP Conference & Expo
    • Channel Evolution Europe
    • Channel Partners Event Coverage
    • Webinars
    • Industry Events
  • DE&I
Channel Futures
  • NEWSLETTER
  • Home
  • Technologies
    • Back
    • SDN/SD-WAN
    • Cloud
    • RMM/PSA
    • Security
    • Telephony/UC/Collaboration
    • Cable
    • Mobility & Wireless
    • Fiber/Ethernet
    • Data Centers
    • Backup & Disaster Recovery
    • IoT
    • Desktop
    • Artificial Intelligence
    • Analytics
  • Strategy
    • Back
    • Mergers and Acquisitions
    • Channel Research
    • Business Models
    • Distribution
    • Master Agents
    • Sales & Marketing
    • Best Practices
    • Vertical Markets
    • Regulation & Compliance
    • Diversity & Inclusion
  • MSSP Insider
  • MSP 501
    • Back
    • Apply Now
    • 2020 MSP 501 Rankings
    • 2020 Hot 101 Rankings
    • 2020 MSP 501 Report
  • Intelligence
    • Back
    • Galleries
    • Podcasts
    • Videos
    • From the Industry
    • Reports/Digital Issues
    • Webinars
    • White Papers
    • Channel Educational Series
  • EMEA
  • Channel Chatter
    • Back
    • People on the Move
    • New/Changing Channel Programs
    • New Products & Services
    • Industry Honors
    • Channel Convergence
  • Resources
    • Back
    • Advisory Boards
    • Industry Organizations
    • Our Sponsors
    • Content Resources
  • Awards
    • Back
    • 2021 MSP 501
    • Circle of Excellence
    • Excellence in Digital Services
    • Top Gun 51
  • Events
    • Back
    • CP Conference & Expo
    • Channel Evolution Europe
    • Channel Partners Event Coverage
    • Webinars
    • Industry Events
  • DE&I
    • Newsletter
  • REGISTER
  • MSPs
  • VARs / SIs
  • Agents
  • Cloud Service Providers
  • Channel Partners Events
 Channel Futures

Telephony/UC/Collaboration


Sprint Profits Drop to 1 Cent Per Share

  • Written by Channel
  • August 8, 2007

Sprint Nextel Corp. reported a drop in second-quarter profits on Wednesday due to its WiMAX initiative and takeover expenses.

The wireless provider said it earned $19 million during the three months that ended June 30, or 1 cent per share, compared with $370 million, or 10 cents per share, during the same period a year ago.

Sprint also said it earned 25 cents per share, a figure that didnt include one-time amortization. Still, the number was 3 cents higher than what analysts surveyed by Thomson Financial expected. Meanwhile, revenue increased by approximately 2 percent, from $10 billion to $10.16 billion. That missed Wall Streets estimate of $10.2 billion, according to the Associated Press.

Despite the losses, Sprint added 400,000 new subscribers, a surprising number given the companys recent troubles with its poor customer service ratings and signal quality. The company recently cut costs in certain areas (namely, it sliced through a layer of management) and said it would put more effort into training its customer service reps. The moves must have paid off, as Sprint now claims 54 million customers, which includes 155,000 brought in by wholesale partners and 33,000 from agents. It still lags behind competitors AT&T Inc. and Verizon Wireless, however.

Sprint announced a year ago it would build a nationwide WiMAX network with the help of Intel, Motorola Inc. and Samsung. But the initiative has cost more than expected, prompting rumors that Sprint would either spin off its WiMAX plans or join forces with someone in a position to help. In July, it did the latter, teaming with Clearwire Corp., the only other major holder of 2.5GHz spectrum in the country. The arrangement is expected to enable each company to increase capital efficiency and reduce overall network development and operating costs.

Meanwhile, Sprint still is absorbing expenses associated with its acquisition of Nextel in 2005.

The companys stock was down 35 cents during early afternoon trading on Wednesday. Shares were selling for $19.87.

Sprint Nextel www.sprint.com

Tags: Agents Telephony/UC/Collaboration

Related


  • CwCJ Logo 2020
    Coffee with Craig and James Episode No. 92: Fusion Connect, Master Agent M&A
    We get the inside scoop from Fusion Connect channel chief Rick Ribas and talk mergers with an industry expert.
  • Unleash
    Granite Unleashes Microsoft Teams Integration, Merged Voice Services
    Merged Voice helps partners pursue larger enterprise prospects, the company said.
  • Convergence
    Convergence in the Channel: Is It Happening, and What Does This Mean for MSPs?
    Is IT-telecom channel convergence already happening? Do the two speak the same language? We explore the different sides.
  • Fuel Pump
    Vonage, Oracle, Salesforce Vets to Fuel Talkdesk Partners' Growth
    In the first two months of 2021, reseller partners have extended Talkdesk's global reach.

Leave a comment Cancel reply

-or-

Log in with your Channel Futures account

Alternatively, post a comment by completing the form below:

Your email address will not be published. Required fields are marked *

Related Content

  • SMBs Need Channel Partners to Help with Long-Term Remote Working
  • Agents Voice Concerns, Hopes for Master Agent Consolidation
  • Cloud Communications Market Rocked by Microsoft, COVID-19 in 2020
  • TBI Adds Rival Intelisys Alum, Tech Data, 8x8 Vets

Galleries

View all

6 Ways to Capitalize on Cloud Computing You May Not Have Considered

April 14, 2021

Industry Perspectives

View all

Exercising Your Organization’s Data Loss Recovery Abilities

April 13, 2021

Why MSPs Need to Shift from Cyber Security to Cyber Resilience

April 13, 2021

Why Every MSP Should Consider TCO When Selecting a BCDR Solution

April 9, 2021

Webinars

View all

Top 3 Intel Security Technologies To Help Against Advanced Cybercrime Attacks

April 15, 2021

What to Look For: 2021 Threat Report

April 22, 2021

Health Care and SD-WAN: A Seller’s Guide

April 27, 2021

White Papers

View all

Top Tips: How Resellers Can Leverage Rackspace to Enhance Customer’s Cyber Security Protection with Microsoft 365 Security

March 30, 2021

Top Tips: Optimize Your Microsoft 365 Investment with Rackspace Technology

March 30, 2021

The Smart Approach to Cloud Workload Placement Decisions

March 19, 2021

Upcoming Events

View all

Channel Partners Conference & Expo

November 1, 2021 - November 4, 2021

MSP Summit

November 1, 2021 - November 2, 2021

Channel Evolution Europe

November 30, 2021 - December 1, 2021

Videos and Fastchats

View all

5 Reasons Diversity, Equity and Inclusion Is Important

Five9 Shares Insights on Implementing a DE&I Strategy

April 13, 2021

FASTCHAT: How Fortinet Reduces Complexity Through Networking, Security

March 31, 2021

Strong Customer Experience Needs Strong Partner Experience

December 22, 2020

Twitter

ChannelFutures

.@nvidia showcases #ProjectGrace, its first CPU for AI-capable supercomputer. @NVIDIAGTC dlvr.it/RxhTkj https://t.co/ofUQjKUr0U

April 15, 2021
ChannelFutures

.@DellTech spinning off ownership in @VMware. #cloud #cybersecurity dlvr.it/RxhFwH https://t.co/V3e4QHRJ43

April 14, 2021
ChannelFutures

.@SoftIron launches inaugural VAR program. #datacenter dlvr.it/RxhCgR https://t.co/EKSGPKmLGQ

April 14, 2021
ChannelFutures

Hybrid IT services provider @EnsonoIT announces acquisition by investment firm KKR amid flurry of M&A activity.… twitter.com/i/web/status/1…

April 14, 2021
ChannelFutures

.@Vonage #ContactCenter now includes Visual Engagement, other enhancements. dlvr.it/Rxh20n https://t.co/HDnHjkKMhw

April 14, 2021
ChannelFutures

.@michelleragusa outlines 5 solid reasons why #DE&I is so important — and what you can do to promote it.… twitter.com/i/web/status/1…

April 14, 2021
ChannelFutures

🕑 Set aside time this week complete your @ChannelFutures MSP 501 application > bit.ly/2021-501. Your compan… twitter.com/i/web/status/1…

April 14, 2021
ChannelFutures

.@C_Trapp talks about why he founded Upstack and his goal to build the "best direct sales agency in the country."… twitter.com/i/web/status/1…

April 14, 2021

MSSP Insider

Business advice for MSSPs and news from the broader security channel.

Newsletters and Updates

Sign up for The Channel Report, Channel Futures Update, MSP 501 Newsletter and more.

Live Channel Events

Get the latest information on the next industry-leading Channel Partners event.

Galleries

Educational slide shows and images from live events.

Media Kit And Advertising

Want to reach our audience? Access our media kit.

DISCOVER MORE FROM INFORMA TECH

  • Channel Partners Events
  • Telecoms.com
  • MSP 501
  • Black Hat
  • IoT World Today
  • Omdia

WORKING WITH US

  • Contact
  • About Us
  • Advertise
  • Newsletter

FOLLOW Channel Futures ON SOCIAL

  • Privacy
  • CCPA: “Do Not Sell My Data”
  • Cookie Policy
  • Terms
Copyright © 2021 Informa PLC. Informa PLC is registered in England and Wales with company number 8860726 whose registered and Head office is 5 Howick Place, London, SW1P 1WG.
This website uses cookies, including third party ones, to allow for analysis of how people use our website in order to improve your experience and our services. By continuing to use our website, you agree to the use of such cookies. Click here for more information on our Cookie Policy and Privacy Policy.
X