Sprint Q4 2004 earnings soar

Feb 03 2005 - 02:27 PM ET | Sprint Nextel
Sprint's fourth-quarter 2004 earnings shot up to $437 million, compared to $110 million in the year-ago period. The wireless business did very well: * 1.58 million new wireless customers: 526,000 Sprint PCS; 923,000 wholesale and 133,000 via affiliated partners * Wireless customers at the end of year totaled 24.8 million, up 22% versus 2003 * Average monthly service revenue per user (ARPU) was $62 in the fourth quarter and in the year-ago period * 6.2 million Sprint PCS Vision customers (data was 9% of ARPU) This was the first earnings statement Spint has issued since the Nextel merger was announced.