A fallen angel took flight as Sprint soared by 20% on Thursday after an interesting June quarter. The overall net subscriber loss number for postpaid subs was not that great at 240,000, but the 1.5 million iPhone customer adds was about 200,000 above expectations. Even more importantly, the key profitability gauge of EBITDA came in at $1.3 Billion — half a billion above what many expected. That combination is fascinating. AT&T and Verizon also had strong profit numbers, but that happened because they were a bit light on iPhone adds. Read the full story at Boy Genius Report.
Sprint sizzles – is AT&T and Verizon’s greed the reason?
Author: Shelly Palmer
Shelly Palmer is Fox 5 New York's On-air Tech Expert (WNYW-TV) and the host of Fox Television's monthly show Shelly Palmer Digital Living. He also hosts United Stations Radio Network's, Shelly Palmer Digital Living Daily, a daily syndicated radio report that features insightful commentary and a unique insiders take on the biggest stories in technology, media, and entertainment. He is Managing Director of Advanced Media Ventures Group, LLC an industry-leading advisory and business development firm and a member of the Executive Committee of the National Academy of Television Arts & Sciences (the organization that bestows the coveted Emmy® Awards).