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Expectations for Sprint’s Prepaid Net Additions in Q3 2018

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Sprint’s prepaid customer net additions

In the previous part of this series, we discussed expectations for Sprint’s (S) postpaid phone customer net additions in the third quarter of fiscal 2018 (quarter ended December). Let’s now look at the kind of prepaid customer net additions that we can expect from Sprint. Wall Street analysts expect 70,000 prepaid customer net losses from Sprint in the third quarter of fiscal 2018 as compared to 63,000 net additions in the third quarter of fiscal 2017.

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In the second quarter of fiscal 2018, Sprint reported 14,000 prepaid customer net losses as compared to 3,000 net additions in the first quarter and 95,000 net additions in the second quarter of fiscal 2017. The company’s prepaid subscribers rose ~2.9% YoY to reach 9.0 million by the end of September 30. In comparison, T-Mobile’s (TMUS) prepaid customers had grown ~2.4% YoY to reach 21.0 million, while Verizon’s (VZ) prepaid customers had fallen ~15.2% YoY to reach 4.7 million. AT&T’s (T) prepaid customers had increased by ~11.6% YoY to reach 16.9 million by the end of September 30.

Peer comparison

In comparison, AT&T is expected to report 400,000 prepaid customer net additions in the quarter, which ended on December 31, while T-Mobile is expected to report 135,000 prepaid customer net additions. Verizon is expected to report 150,000 prepaid customer net losses in the same quarter.

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