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(Reuters) - Sprint Corp (S.N) on Wednesday topped analysts’ estimates for quarterly profit and new wireless subscribers, but said the higher prices for its revamped phone plans could affect future growth. The fourth-largest U.S. wireless carrier, which has faced high costs needed to invest in its network, is working to convince regulators to approve its merger with T-Mobile US Inc (TMUS.O). The combined company would have more resources to build its next-generation wireless network, or 5G.
Sprint added a bmx bike cufflinks net 87,000 new wireless subscribers who pay a monthly bill during the first quarter, more than double the average analyst estimate of 40,000 additions, according to research firm FactSet, Shares of the Overland Park, Kansas-based company, which have fallen 9.8 percent this year, were flat at $5.43 in morning trading, Sprint Chief Executive Michel Combes said during the conference call with analysts that higher prices for new unlimited wireless plans could affect customer additions as the company tries to balance growth and profitability..
While Sprint has the best price for an unlimited plan in the industry, “these pricing changes could pressure growth ads as they are less promotional than previous offers,” Combes said. Still, Combes said he expected Sprint to have positive customer additions on a net basis for the year. Net income attributable to Sprint fell to $176 million, or 4 cents per share, in the three months ended June 30, compared with $206 million, or 5 cents per share, a year earlier. Analysts expected the company to break even on a per-share basis, according to Thomson Reuters I/B/E/S.
Churn, or the rate of customer defections, was 1.55 percent during the quarter, up from 1.5 percent a year earlier, Jonathan Chaplin, an analyst with New Street Research, said in an investor note that he expected Sprint’s average revenue per user to be higher, given an administration fee increase introduced early in the quarter, but noted Sprint’s trends were generally improving, Sprint’s average revenue per phone subscriber was $49.57 during the quarter, down from bmx bike cufflinks $53.92 a year earlier..
(Reuters) - Facebook Inc’s (FB.O) WhatsApp messenger service will start charging businesses for sending marketing and customer service messages, it said on Wednesday, as the social network company’s flagship brand faces slowing usage and revenue growth. The messages will be charged at a fixed rate for confirmed delivery, ranging from 0.5 cents to 9 cents per message depending on the country, WhatsApp said. Facebook has been looking at ways to monetize its WhatsApp service in the face of rising costs as it spends heavily to improve privacy safeguards and tackles concerns about social media addiction.
WhatsApp, which has around 1.5 billion users, said starting Wednesday businesses can use its WhatsApp Business API to send notifications such as shipping confirmations, appointment reminders and event tickets, WhatsApp acknowledged that it is charging a premium compared to SMS rates, Wireless carriers typically charge businesses well below a penny per SMS, and the price is still close to a penny when including fees collected by intermediaries between carriers and businesses, WhatsApp had announced in January it would start allowing small business accounts to communicate through bmx bike cufflinks the WhatsApp Business application, which has over 3 million active users, Chief operating officer Matt Idema said at the time that the WhatsApp intends to charge businesses in the future..
LONDON (Reuters) - Iranian lawmakers have given President Hassan Rouhani one month to appear before parliament to answer questions on his government’s handling of Iran’s economic struggles, state media reported on Wednesday. It is the first time parliament has summoned Rouhani, who is under pressure from hardline rivals to change his cabinet following a deterioration in relations with the United States and Iran’s growing economic difficulties. Lawmakers want to question Rouhani on topics including the rial’s decline, which has lost more than half its value since April, weak economic growth and rising unemployment, according to semi-official ISNA news agency.
Rouhani, a pragmatist who reduced tensions with the West by striking a nuclear deal in 2015, is facing bmx bike cufflinks a growing backlash since U.S, President Donald Trump pulled out from the pact in May and said he will reimpose sanctions that seek to throttle Iran’s economy, including its lifeblood oil exports, ISNA said lawmakers also want Rouhani to explain why, more than two years after the landmark deal, Iranian banks still have only limited access to global financial services, The nuclear accord curbed Iran’s nuclear program in return for lifting most international sanctions..