uploads///Telecom Q Prepaid Net Additions

Why Is Sprint Losing Prepaid Customers?


Feb. 28 2019, Updated 5:25 p.m. ET

Sprint’s prepaid net additions

Sprint (S) lost 173,000 net prepaid customers in fiscal 2018’s third quarter (ended December 31), compared with a net loss of 14,000 in the prior quarter and a net addition of 63,000 in fiscal 2017’s third quarter. The company attributed the decline to higher churn and “107,000 net migrations from prepaid to non-Sprint branded postpaid.”Telecom 4Q18 Prepaid Net Additions

Sprint’s prepaid subscriber base shrank ~1.7% YoY to 8.8 million in the quarter ended December 31. Meanwhile, T-Mobile’s (TMUS) and AT&T’s (T) prepaid customer bases grew ~2.3% YoY and ~10.9% YoY to 21.1 million and 17.0 million, respectively, whereas Verizon’s (VZ) shrank ~14.0% YoY to 4.6 million. T-Mobile and AT&T gained 135,000 and 26,000 net prepaid customers, while Verizon lost 90,000.

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