Sprint, a SoftBank telecom venture in America, today said it has 57.66 million customers in the U.S. against T-Mobile US’s 58.9 million in June quarter.

Sprint Reports Continued Progress in Its Turnaround During the First Fiscal Quarter of 2015 http://t.co/RJxR3jFKup

— Sprint News (@sprintnews) August 4, 2015

Sprint said its revenue fell 9 percent to $8 billion – primarily due to shift of customers to rate plans associated with device financing options, postpaid phone customer losses and lower wireless service revenues.

The company posted net loss of $20 million compared to a net income of $23 million.

Sprint will associate with Softbank and other partners to set up a leasing company that will finance its devices leased by customers on attractive terms.

The company expects capital expenditures of nearly $5 billion for the full year.

Sprint CEO Marcelo Claure said: “We hit significant milestones during the quarter by posting the company’s lowest-ever churn and recording postpaid phone net additions in both May and June, as well as for a third consecutive month in July.”

The company said total net additions were 675,000 compared to net losses of 220,000 in the prior year quarter. The 895,000 year-over-year improvement was mostly driven by fewer postpaid phone customer losses.

Sprint network updates

Sprint recently announced the availability of carrier aggregation, which produces more capacity and is expected to double data speeds.

The company is rolling out two-channel (2×20 MHz) carrier aggregation, a feature of LTE-Advanced that combines bands of spectrum to create wider channels in the 2.5 GHz band, on select sites within various markets across the country.

Sprint will add macro cell sites, deploy small cells, and expand 2.5 GHz spectrum across the company’s existing sites.

Baburajan K
[email protected]