SPRINT LOSES $911 MILLION IN Q3

Sprint released its Q3 report yesterday.  Sprint is the #3 mobile provider in the US behind Verizon and AT&T.  Sprint has reported gaining 644,000 new subscribers, the second best quarter in the company's history for subscriber growth.  Of the 644,000 new subscribers, 354,000 were post-paid (on contract).  Churn also dropped for them from 2.17% Q3 2009 to 1.93%.

But it is not all rosy for the Now Network.  Even with the rosy numbers they posted, Sprint still managed to lose $911 million for the quarter. “Driven by record customer satisfaction, and the performance of iconic devices like the EVO and Epic, Sprint’s momentum continued this quarter,” quipped Dan Hesse, the company’s CEO. Sprint is hoping to capitalize on their first-to-market 4G network and strong handset lineup to have a strong holiday season and propel the company to higher metrics in Q4. [BGR]