Sprint loses fewer-than-expected phone subscribers

FILE PHOTO: A woman walks past a Sprint store in New York City, USA-April 27, 2018. REUTERS/Brendan McDermid/File Photo

(Reuters) – Sprint Corp’s (S. N) on Friday reported to be less than what had been feared for the loss in tax per quarter, phone customers who pay a monthly bill, such as the U.S. provider of wireless service is less expensive than the plans, and contributed to the retention of customers, and in the midst of the upcoming merger with larger rival T-Mobile US (TMUS.D).

The company said it lost a net 128,000 phone customers in the first quarter of the year. Analysts had expected a net loss of more than 150,000 subscribers, according to research firm FactSet.

Total net revenue rose to $8.14 billion from $8.13 billion. Analysts had expected revenue of $ 8.06 billion, according to IBES data, Refinitiv.

Reporting Arjun Panchadar in Bengaluru; Editing by shailesh Kuber

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