Boston, MA 04/14/2014 (wallstreetpr) – Sprint network subscribers are all time high and continue to add postpaid customers into Sprint platform. So, Sprint Corporation (NYSE:S) plans to attract more customers to its network by availing attractive offers such as Framily Plan. Sprint now offers this Plan at Best Buy locations across the nation along with online availability and third party dealer locations.
What is Framily plan
The Framily Plan can add up to 10 phone lines, and each will get unlimited talk and 1GB data usage. New customer will pay $55 per month per line and the cost per addition will be down by $5 per months with savings up to $30 per line. Both existing and new customers can avail the plan. Existing customers activate the plan in their available line and invite members to their group. On the other end, new customers need to purchase a plan and add members outside Sprint to join the group.
How it helps Sprint
The Framily Plan redefines traditional plan for a family and adds more new lines to one group by bringing value addition to customers at effective price. The initiative helps Sprint Corporation (NYSE:S) to increase their subscriber base as well as wireless revenue. It also avail improved services with high speed network and offer new services to its customers.
As of now, Sprint Corporation (NYSE:S) reported positive growth in wireless revenue with increasing addition of subscribers. During FY2013, the Company added 58,000 postpaid and 322,000 prepaid subscribers into its network and improved postpaid average revenue per user (ARPU) to $64.07 year-over-year. So, subscribers’ addition is the main driving factor to improve performance. In FY2013, Sprint reported 5% increase in wireless service revenue that has improved the adjusted EBITDA margin to 16.9%.
What next for Sprint
Sprint Corporation (NYSE:S) has already launched 4G LTE in 340 markets, and more than 200 million are covered under 4G LTE. The Company continues to improve network performance and expects to increase subscribers’ addition to 250 million by 2014. The platform for postpaid services continues to provide growth in revenue and anticipates adjusted EBITDA at a range of $6.5-$6.7 billion in 2014.
