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APR 29, 2014 - Yahoo! News

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Sprint revenue rises on new device installment plan

(Reuters) - Sprint Corp, the No. 3 U.S. mobile provider on Tuesday reported an increase in quarterly revenue in line with analysts' expectations, due to a new billing plan that lowered wireless expenses. Sprint has been cutting costs and reshuffling executives in an attempt to offset subscriber losses from a shut down of its older Nextel network and technical problems related to a massive overhaul of Sprint's remaining network. The company, which is 80 percent owned by Japan's SoftBank Corp, said it lost 467,000 net subscribers in the quarter.

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