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Sprint prepaid adds customers, reduces churn

It appears that when we get quarterly reports from Sprint, we’ll get Boost Mobile and Virgin Mobile rolled into one. The company added a net 646,000 prepaid subscribers in the fourth quarter, which includes 4.93 percent churn, down from 5.56 percent in Q4 2009 and 5.32 percent in Q3 2010. Boost and Virgin CDMA actually gained 1.4 million subscribers, but iDEN lost a staggering 768,000 subscribers. I’m sure many of them simply migrated to the other side of the company. This was a good quarter for Sprint, as they added net customers for the first time in a long time.