Sprint Nextel shares are up 5% in pre-market trading after the carrier posted its best quarter in a long time.Sprint’s turnaround is far from complete, but some encouraging signs from its Q4 report include:
- Postpaid subscriber GAIN, not LOSS: 58,000 net subscriber gains during Q4. Not as high as some estimated, but finally not in the red.
- Better customer retention: 1.86% “churn” — its best Q4 number ever.
- 1.1 million wireless subscriber additions, its best in almost 5 years
- Strong free cash flow: $913 million vs. Baird estimate of $226 million
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