Financial Briefs - Twice

Financial Briefs

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T-Mobile Gets More Subs But Posts Deeper Net Loss

BELLEVUE, WASH. — T-Mobile blew away the competition in signing up 2.39 million net subscriber additions, marking the first-ever quarter of more than 2 million net adds for the company. But T-Mobile’s net loss grew to $151 million, marking the fourth consecutive net loss for the carrier following a $20 million net loss in the fourth quarter.

Sprint Loses Subscribers But Reverses Wireless Income

OVERLAND PARK, KAN. — Sprint lost 467,000 wireless subscribers in the quarter ending March 31 and posted a 2 percent decline in wireless revenues compared with the year ago, but the company nonetheless reversed its previous-quarter wireless operating loss of $597 million to wireless operating income of $490 million for the quarter.

Nokia’s Device Sales Down On Eve Of Microsoft Takeover

ESPOO, FINLAND — Nokia’s mobile-device dollar volume fell in the first quarter by 30 percent compared with the year-ago period to 1.93 billion euros ($2.66 billion) on the eve of the segment’s acquisition by Microsoft. Sales were off sequentially by 27 percent. The device segment’s operating losses grew to 326 million euros ($450 million) compared with a year-ago loss of 120 million euros.

JVCKenwood Reports Sales Gains, But Net, Operating Losses

YOKOHAMA, JAPAN – JVCKenwood posted a triple-digit percentage increase in sales in its fiscal year, but the company swung into the red. Sales rose 103 percent to $3.1 billion, operating income fell 46 percent to $43.3 million, and the company posted a net loss of $64.3 million, compared with a year-ago net income of $11.3 million.

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