Sprint Reports Year-Over-Year Growth In Wireless Service Revenue With Fiscal Year 2018 Second Quarter Results

OVERLAND PARK, Kan., Oct. 31, 2018 /PRNewswire/ --

    --  Wireless service revenue grew year-over-year for the first time in
        nearly five years, excluding the $173 million impact of the new revenue
        recognition standard
    --  Net income of $196 million, operating income of $778 million, and
        adjusted EBITDA* of $3.3 billion
        --  Fourth consecutive quarter of net income and 11(th) consecutive
            quarter of operating income
        --  Highest fiscal second quarter adjusted EBITDA* in 12 years and
            raising fiscal year 2018 adjusted EBITDA* outlook
    --  Net cash provided by operating activities of $2.9 billion and adjusted
        free cash flow* of $525 million
        --  Positive adjusted free cash flow* in six of the last seven quarters
    --  Retail net additions of 95,000
        --  Postpaid net additions for the fifth consecutive quarter
        --  Prepaid net additions in the Boost brand for the seventh consecutive
            quarter
    --  Most improved network among national carriers based on average download
        speeds
        --  Further improvement expected with nationwide deployment of LTE
            Advanced features that offer up to two times faster speeds than
            before
    --  Strong progress on digitalization initiatives
        --  Postpaid gross additions in digital channels increased nearly 60
            percent year-over-year

Sprint Corporation (NYSE: S) today reported year-over-year growth in wireless service revenue for the first time in nearly five years and positive adjusted free cash flow* for the sixth time in the last seven quarters as part of results for the second quarter of fiscal year 2018. The company also announced an increase to its fiscal year 2018 adjusted EBITDA* outlook.

"Sprint reached an important milestone this quarter by returning to year-over-year growth in wireless service revenue two quarters earlier than promised," said Sprint CEO Michel Combes. "Our strategy of balancing growth and profitability while we increase network investments and add digital capabilities continues to drive solid financial results."

Wireless Service Revenue Inflection Contributes to Improved Profitability
One quarter after reporting sequential growth, Sprint reported year-over-year growth in wireless service revenue for the first time in nearly five years, when excluding the impact of the new revenue recognition standard. Five consecutive quarters of postpaid net additions and seven consecutive quarters of prepaid net additions within the Boost brand, along with stabilizing ARPU, have contributed to improved revenue trends in the business.

    --  Postpaid service revenue grew sequentially for the second consecutive
        quarter.
    --  Prepaid service revenue grew year-over-year for the fourth consecutive
        quarter.

Sprint reported its fourth consecutive quarter of net income, its 11(th) consecutive quarter of operating income, and its highest fiscal second quarter adjusted EBITDA* in 12 years, all excluding the positive impact of the new revenue recognition standard. The new revenue recognition standard had a positive impact of $178 million on reported net income and $225 million on reported operating income and adjusted EBITDA* in the quarter.

Sprint continued to make progress on its multi-year plan to improve its cost structure. Excluding the impact of the new revenue recognition standard and merger costs, the company reported approximately $200 million of combined year-over-year reductions in cost of services and selling, general and administrative expenses in the first half of fiscal 2018. For the full fiscal year, the company expects to deliver gross reductions of more than $1 billion for the fifth consecutive year, with net reductions of less than $500 million after reinvestments.



       
     
                (Millions, except per share data) 
     
     Fiscal 2Q18 
     
     Fiscal 2Q17  Change

    ---


       
     Net income (loss)                                         $196            ($48)    $244

    ---


       
     Basic income (loss) per share                            $0.05          ($0.01)   $0.06

    ---


       
     Operating income                                          $778             $601     $177

    ---


       
     Adjusted EBITDA*                                        $3,256           $2,729     $527

    ---


       
     Net cash provided by operating activities               $2,927           $2,802     $125

    ---


       
     Adjusted free cash flow*                                  $525             $420     $105

    ---

New Premium Option Joins the Best Lineup of Unlimited Plans
Sprint expanded its portfolio of unlimited data, talk and text plans this quarter by introducing Unlimited Premium, a VIP platinum-style wireless plan tailored for the customer who wants it all. The company also recently launched a selection of unlimited plans for customers who want value, a great network and unlimited data, including the Unlimited Plus, Unlimited Basic, Unlimited Military, and Unlimited 55+ plans. All these plans are part of the company's "Unlimited for All" initiative to design plans so customers can select the best choice for them.

Increased Network Investments Driving a Better Experience
Sprint's quarterly network investments, or cash capital expenditures excluding leased devices, nearly doubled year-over-year as the company made continued progress on executing its Next-Gen Network plan.

    --  Sprint completed thousands of tri-band upgrades and now has 2.5 GHz
        spectrum deployed on 70 percent of its macro sites.
    --  Sprint added thousands of new outdoor small cells and currently has
        21,000 deployed including both mini macros and strand mounts.
    --  Sprint continued commercial deployment of Massive MIMO radios, which
        increase the speed and capacity of the LTE network and, with a software
        upgrade, will provide mobile 5G service launching in the first half of
        2019.

These deployments are contributing to Sprint providing customers with a better network experience, as seen in Speedtest Intelligence data from Ookla.

    --  Best-ever showing with the fastest average download speed in 123 cities,
        including Seattle, Pittsburgh, Denver, and Honolulu.(1 )
    --  Most improved network among national carriers with national average
        download speeds up 31.5 percent year-over-year.(2)

The company has reached nationwide deployment with LTE Advanced features such as 256 QAM, 4X4 MIMO, and two- and three-channel carrier aggregation, a milestone on the road to 5G. These enhancements are expected to deliver up to two times faster speeds than Sprint 4G LTE on capable devices.

Becoming a Digital-First Company
Sprint is leading the U.S. telecommunications industry in leveraging digital capabilities, including boosting sales in digital channels, leveraging artificial intelligence to improve customer care interactions, and utilizing deep dive analytics to identify customer issues.

    --  Postpaid gross additions in digital channels increased nearly 60 percent
        year-over-year.
    --  Nearly 20 percent of postpaid upgrades were in digital channels in the
        quarter.
    --  More than 25 percent of all Sprint customer care chats are now performed
        by virtual agents using artificial intelligence.

Fiscal Year 2018 Outlook

    --  Due to strong year-to-date performance, the company is increasing its
        expectation for adjusted EBITDA* to a range of $12.4 billion to $12.7
        billion. The previous expectation was $12.0 billion to $12.5 billion.
    --  Excluding the impact of the new revenue recognition standard, the
        company is also increasing its expectation for adjusted EBITDA* to a
        range of $11.7 billion to $12.0 billion. The previous expectation was
        $11.3 billion to $11.8 billion.
    --  The company expects cash capital expenditures excluding leased devices
        to be $5.0 billion to $5.5 billion. The previous expectation was $5.0
        billion to $6.0 billion.

Conference Call and Webcast

    --  Date/Time: 8:30 a.m. (ET) Wednesday, October 31, 2018
    --  Call-in Information
        --  U.S./Canada: 866-360-1063 (ID: 6693758)
        --  International: 443-961-0242 (ID: 6693758)
    --  Webcast available at www.sprint.com/investors
    --  Additional information about results is available on our Investor
        Relations website






     1 Analysis by Ookla(R) of Speedtest Intelligence(R) data average
      download speeds from 7/1/18 to 9/30/18 for all mobile results.


     2 Analysis by Ookla(R) of Speedtest Intelligence(R) data comparing
      average download speeds from September 2017 to September 2018 for
      all mobile results.



       
                Wireless Operating Statistics (Unaudited)




                                                                                  
     Quarter To Date                                 
     Year To Date



                                                               
              9/30/18         
             6/30/18    
              9/30/17       
              9/30/18    
     9/30/17

                                                                                                                                                                    ---

                     Net additions (losses) (in thousands)



       Postpaid                                                              109                        123                    168                       232           129


        Postpaid phone                                                       (34)                        87                    279                        53           367



       Prepaid                                                              (14)                         3                     95                      (11)          130


        Wholesale and
         affiliate                                                          (115)                      (69)                   115                     (184)          180

    ---

                     Total wireless net
                      (losses) additions                                     (20)                        57                    378                        37           439

    ---



                     End of period connections (in thousands)


        Postpaid(a) (c) (d)                                                32,296                     32,187                 31,686                    32,296        31,686


        Postpaid phone(a) (c)                                              26,813                     26,847                 26,432                    26,813        26,432


        Prepaid(a) (b) (c) (e)                                              9,019                      9,033                  8,765                     9,019         8,765


        Wholesale and
         affiliate (b) (c) (f)                                             13,232                     13,347                 13,576                    13,232        13,576

    ---

                     Total end of period
                      connections                                          54,547                     54,567                 54,027                    54,547        54,027

    ---




       
                Churn



       Postpaid                                                            1.78%                     1.63%                 1.72%                    1.71%        1.69%


        Postpaid phone                                                      1.73%                     1.55%                 1.59%                    1.64%        1.55%



       Prepaid                                                             4.74%                     4.17%                 4.83%                    4.45%        4.70%




                     Supplemental data -connected devices


                     End of period connections (in thousands)


        Retail postpaid                                                     2,585                      2,429                  2,158                     2,585         2,158


        Wholesale and
         affiliate                                                         10,838                     10,963                 11,221                    10,838        11,221

    ---

                     Total                                                 13,423                     13,392                 13,379                    13,423        13,379

    ---




       
                ARPU(g)



       Postpaid                                                           $43.99                     $43.55                 $46.00                    $43.77        $46.65


        Postpaid phone                                                     $50.16                     $49.57                 $52.34                    $49.86        $53.13



       Prepaid                                                            $35.40                     $36.27                 $37.83                    $35.83        $38.04





       
                NON-GAAP RECONCILIATION - ABPA* AND ABPU* (Unaudited)



       
                (Millions, except accounts, connections, ABPA*, and ABPU*)




                                                  
              Quarter To Date                                 
     Year To Date

                                                                                                                              ---

                                                               
              9/30/18         
             6/30/18    
              9/30/17       
              9/30/18    
     9/30/17

                                                                                                                                                                    ---


       
                
                  ABPA*


        Postpaid service
         revenue                                                           $4,255                     $4,188                 $4,363                    $8,443        $8,829


        Add: Installment plan
         and non-operating
         lease billings                                                       326                        352                    397                       678           765


        Add: Equipment rentals                                              1,253                      1,212                    966                     2,465         1,865

    ---

                     Total for postpaid
                      connections                                          $5,834                     $5,752                 $5,726                   $11,586       $11,459

    ---                                                                                                                                                             ---



        Average postpaid
         accounts (in
         thousands)                                                        11,207                     11,176                 11,277                    11,192        11,295


        Postpaid ABPA*(h)                                                 $173.53                    $171.57                $169.25                   $172.55       $169.10




                                                  
              Quarter To Date                                 
     Year To Date

                                                                                                                              ---

                                                               
              9/30/18         
             6/30/18    
              9/30/17       
              9/30/18    
     9/30/17

                                                                                                                                                                    ---


       
                Postpaid phone ABPU*


        Postpaid phone service
         revenue                                                           $4,038                     $3,977                 $4,132                    $8,015        $8,346


        Add: Installment plan
         and non-operating
         lease billings                                                       279                        307                    358                       586           690


        Add: Equipment rentals                                              1,247                      1,204                    953                     2,451         1,840

    ---

                     Total for postpaid
                      phone connections                                    $5,564                     $5,488                 $5,443                   $11,052       $10,876

    ---                                                                                                                                                             ---



        Postpaid average phone
         connections (in
         thousands)                                                        26,838                     26,745                 26,312                    26,792        26,182


        Postpaid phone ABPU*
         (i)                                                               $69.10                     $68.41                 $68.95                    $68.75        $69.23



                            (a) During the three-month period ended
                             June 30, 2018, we ceased selling devices
                             in our installment billing program under
                             one of our brands and as a result,
                             45,000 subscribers were migrated back to
                             prepaid.


                            (b) Sprint is no longer reporting
                             Lifeline subscribers due to regulatory
                             changes resulting in tighter program
                             restrictions. We have excluded them from
                             our customer base for all periods
                             presented, including our Assurance
                             Wireless prepaid brand and subscribers
                             through our wholesale Lifeline MVNOs.


                            (c)  As a result of our affiliate
                             agreement with Shentel, certain
                             subscribers have been transferred from
                             postpaid and prepaid to affiliates.
                             During the three-month period ended
                             June 30, 2018, 10,000 and 4,000
                             subscribers were transferred from
                             postpaid and prepaid, respectively, to
                             affiliates. During the three-month
                             period ended June 30, 2017, 17,000 and
                             4,000 subscribers were transferred from
                             postpaid and prepaid, respectively, to
                             affiliates.


                            (d)  During the three-month period ended
                             June 30, 2017, 2,000 Wi-Fi connections
                             were adjusted from the postpaid
                             subscriber base.


                            (e)  During the three-month period ended
                             September 30, 2017, the Prepaid Data
                             Share platform It's On was
                             decommissioned as the Company continues
                             to focus on
    higher value contribution offerings
     resulting in a 49,000 reduction to
     prepaid end of period subscribers.


                            (f)  On April 1, 2018, approximately
                             115,000 wholesale subscribers were
                             removed from the subscriber base with no
                             impact to revenue.


                            (g)  ARPU is calculated by dividing
                             service revenue by the sum of the
                             monthly average number of connections in
                             the applicable service category. Changes
                             in average monthly service revenue
                             reflect connections for either the
                             postpaid or prepaid service category who
                             change rate plans, the level of voice
                             and data usage, the amount of service
                             credits which are offered to
                             connections, plus the net effect of
                             average monthly revenue generated by new
                             connections and deactivating
                             connections.  Postpaid phone ARPU
                             represents revenues related to our
                             postpaid phone connections.


                            (h)  Postpaid ABPA* is calculated by
                             dividing postpaid service revenue earned
                             from postpaid customers plus billings
                             from installment plans and non-
                             operating leases, as well as equipment
                             rentals, by the sum of the monthly
                             average number of postpaid accounts
                             during the period. Installment plan
                             billings represent the substantial
                             majority of the total billings in the
                             table above for all periods presented.


                            (i)  Postpaid phone ABPU* is calculated
                             by dividing service revenue earned from
                             postpaid phone customers plus billings
                             from installment plans and non-
                             operating leases, as well as equipment
                             rentals, by the sum of the monthly
                             average number of postpaid phone
                             connections during the period.
                             Installment plan billings represent the
                             substantial majority of the total
                             billings in the table above for all
                             periods presented.



       
                Wireless Device Financing Summary (Unaudited)



       
                (Millions, except sales, connections, and leased devices in property, plant and equipment)




                                                                                             
               Quarter To Date                      
     Year To Date



                                                                  
              9/30/18                           
             6/30/18  
     9/30/17        
             9/30/18    
     9/30/17

                                                                                                                                                                              ---



                     Postpaid activations
                      (in thousands)                                           3,772                                        3,473       3,917                     7,245         7,585


        Postpaid activations
         financed                                                                81%                                         83%        85%                      82%          85%


        Postpaid activations -
         operating leases                                                        59%                                         70%        68%                      64%          62%





       
                Installment plans


        Installment sales
         financed                                                               $255                                         $213        $268                      $468          $821


        Installment billings                                                    $292                                         $325        $373                      $617          $741


        Installment
         receivables, net                                                       $838                                         $983      $1,583                      $838        $1,583




                     Equipment rentals and depreciation -equipment rentals


        Equipment rentals                                                     $1,253                                       $1,212        $966                    $2,465        $1,865


        Depreciation -
         equipment rentals                                                    $1,181                                       $1,136        $888                    $2,317        $1,742





       
                Leased device additions


        Cash paid for capital
         expenditures -leased
         devices                                                              $1,707                                       $1,817      $1,706                    $3,524        $3,065





       
                Leased devices


        Leased devices in
         property, plant and
         equipment, net                                                       $6,184                                       $6,213      $4,709                    $6,184        $4,709





       
                Leased device units


        Leased devices in
         property, plant and
         equipment (units in
         thousands)                                                           15,392                                       15,169      13,019                    15,392        13,019




                     Leased device and receivables financings net proceeds



       Proceeds                                                              $1,527                                       $1,356        $789                    $2,883        $1,554



       Repayments                                                           (1,200)                                     (1,070)    (1,148)                  (2,270)      (1,421)

    ---

                     Net proceeds
                      (repayments) of
                      financings related to
                      devices and
                      receivables                                               $327                                         $286      $(359)                     $613          $133

    ---                                                                                                                                                                       ---



       
                CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)



       
                (Millions, except per share data)




                                                   
              Quarter To Date                               
     Year To Date

                                                                                                                              ---

                                                                
              9/30/18               
     6/30/18     
              9/30/17   
     9/30/18    
     9/30/17

                                                                                                                                                       ---


       
                Net operating revenues


          Service revenue                                                   $5,762                   $5,740                  $5,967      $11,502       $12,038


          Equipment sales                                                    1,418                    1,173                     994        2,591         2,181


          Equipment rentals                                                  1,253                    1,212                     966        2,465         1,865

    ---

                     Total net operating
                      revenues                                               8,433                    8,125                   7,927       16,558        16,084

    ---


       
                Net operating expenses


          Cost of services
           (exclusive of
           depreciation and
           amortization below)                                               1,694                    1,677                   1,698        3,371         3,407


          Cost of equipment
           sales                                                             1,517                    1,270                   1,404        2,787         2,949


          Cost of equipment
           rentals (exclusive
           of depreciation
           below)                                                              151                      124                     112          275           224


          Selling, general and
           administrative                                                    1,861                    1,867                   2,013        3,728         3,951


          Depreciation -
           network and other                                                 1,021                    1,023                     997        2,044         1,974


          Depreciation -
           equipment rentals                                                 1,181                    1,136                     888        2,317         1,742


          Amortization                                                         159                      171                     209          330           432


          Other, net                                                            71                       42                       5          113         (359)

    ---

        Total net operating
         expenses                                                            7,655                    7,310                   7,326       14,965        14,320

    ---

                     Operating income                                          778                      815                     601        1,593         1,764

    ---

          Interest expense                                                   (633)                   (637)                  (595)     (1,270)      (1,208)


          Other income
           (expense), net                                                       79                       42                      44          121           (8)

    ---

                     Income before income
                      taxes                                                    224                      220                      50          444           548


          Income tax expense                                                  (17)                    (47)                   (98)        (64)        (390)

    ---

                     Net income (loss)                                         207                      173                    (48)         380           158

    ---

          Less: Net (income)
           loss attributable
           to noncontrolling
           interests                                                          (11)                       3                                 (8)            -

    ---

                     Net income (loss)
                      attributable to
                      Sprint Corporation                                      $196                     $176                   $(48)        $372          $158

    ---                                                                                                                                                ---



                     Basic net income
                      (loss) per common
                      share attributable
                      to Sprint
                      Corporation                                            $0.05                    $0.04                 $(0.01)       $0.09         $0.04

    ---                                                                                                                                                ---

                     Diluted net income
                      (loss) per common
                      share attributable
                      to Sprint
                      Corporation                                            $0.05                    $0.04                 $(0.01)       $0.09         $0.04

    ---                                                                                                                                                ---

        Basic weighted
         average common
         shares outstanding                                                  4,061                    4,010                   3,998        4,036         3,996

    ---

        Diluted weighted
         average common
         shares outstanding                                                  4,124                    4,061                   3,998        4,095         4,080

    ---



                     Effective tax rate                                       7.6%                   21.4%                 196.0%       14.4%        71.2%

    ---






       
                NON-GAAP RECONCILIATION - NET INCOME (LOSS) TO ADJUSTED EBITDA* (Unaudited)



       
                (Millions)




                                                   
              Quarter To Date                               
     Year To Date

                                                                                                                              ---

                                                                
              9/30/18               
     6/30/18     
              9/30/17   
     9/30/18    
     9/30/17

                                                                                                                                                       ---



                     Net income (loss)                                        $207                     $173                   $(48)        $380          $158

    ---                                                                                                                                                ---

          Income tax expense                                                    17                       47                      98           64           390

    ---

                     Income before income
                      taxes                                                    224                      220                      50          444           548


          Other (income)
           expense, net                                                       (79)                    (42)                   (44)       (121)            8


          Interest expense                                                     633                      637                     595        1,270         1,208

    ---

                     Operating income                                          778                      815                     601        1,593         1,764

    ---

          Depreciation -
           network and other                                                 1,021                    1,023                     997        2,044         1,974


          Depreciation -
           equipment rentals                                                 1,181                    1,136                     888        2,317         1,742


          Amortization                                                         159                      171                     209          330           432

    ---

                     EBITDA*(1)                                              3,139                    3,145                   2,695        6,284         5,912

    ---

          Loss (gain) from
           asset dispositions,
           exchanges, and
           other, net(2)                                                        68                                                          68         (304)


          Severance and exit
           costs (3)                                                            25                        8                                  33             -


          Contract
           terminations (4)                                                      -                      34                                  34           (5)


          Merger costs (5)                                                      56                       93                                 149             -


          Litigation and other
           contingencies(6)                                                      -                                                                    (55)


          Hurricanes (7)                                                      (32)                                             34         (32)           34

    ---

                     Adjusted EBITDA*(1)                                    $3,256                   $3,280                  $2,729       $6,536        $5,582

    ---                                                                                                                                                ---



                     Adjusted EBITDA
                      margin*                                                56.5%                   57.1%                  45.7%       56.8%        46.4%







       
                Selected items:


          Cash paid for
           capital
           expenditures -
           network and other                                                $1,266                   $1,132                    $692       $2,398        $1,843


          Cash paid for
           capital
           expenditures -
           leased devices                                                   $1,707                   $1,817                  $1,706       $3,524        $3,065



       
                WIRELESS STATEMENTS OF OPERATIONS (Unaudited)



       
                (Millions)




                                                  
              Quarter To Date                  
     Year To Date

                                                                                                                ---

                                                                
              9/30/18 
     6/30/18     
              9/30/17   
     9/30/18    
     9/30/17

                                                                                                                                         ---


       
                Net operating revenues



       Service revenue



       Postpaid                                                            $4,255     $4,188                  $4,363       $8,443        $8,829



       Prepaid                                                                954        982                     990        1,936         1,989


        Wholesale, affiliate
         and other                                                             289        290                     296          579           555

    ---

        Total service revenue                                                5,498      5,460                   5,649       10,958        11,373




          Equipment sales                                                    1,418      1,173                     994        2,591         2,181


          Equipment rentals                                                  1,253      1,212                     966        2,465         1,865


                     Total net operating
                      revenues                                               8,169      7,845                   7,609       16,014        15,419

    ---




       
                Net operating expenses


          Cost of services
           (exclusive of
           depreciation and
           amortization below)                                               1,466      1,429                   1,422        2,895         2,834


          Cost of equipment
           sales                                                             1,517      1,270                   1,404        2,787         2,949


          Cost of equipment
           rentals (exclusive of
           depreciation below)                                                 151        124                     112          275           224


          Selling, general and
           administrative                                                    1,749      1,704                   1,936        3,453         3,811


          Depreciation -network
           and other                                                           968        972                     944        1,940         1,869


          Depreciation -
           equipment rentals                                                 1,181      1,136                     888        2,317         1,742


          Amortization                                                         159        171                     209          330           432


          Other, net                                                            58         37                       5           95         (309)

    ---

        Total net operating
         expenses                                                            7,249      6,843                   6,920       14,092        13,552

    ---

                     Operating income                                         $920     $1,002                    $689       $1,922        $1,867

    ---                                                                                                                                  ---










       
                WIRELESS NON-GAAP RECONCILIATION (Unaudited)



       
                (Millions)




                                                  
              Quarter To Date                  
     Year To Date

                                                                                                                ---

                                                                
              9/30/18 
     6/30/18     
              9/30/17   
     9/30/18    
     9/30/17

                                                                                                                                         ---



                     Operating income                                         $920     $1,002                    $689       $1,922        $1,867


          Loss (gain) from asset
           dispositions,
           exchanges, and other,
           net(2)                                                               68                                            68         (304)


          Severance and exit
           costs (3)                                                            12          3                                  15           (5)


          Contract terminations
           (4)                                                                  -        34                                  34           (5)


          Hurricanes (7)                                                      (32)                               34         (32)           34


          Depreciation -network
           and other                                                           968        972                     944        1,940         1,869


          Depreciation -
           equipment rentals                                                 1,181      1,136                     888        2,317         1,742


          Amortization                                                         159        171                     209          330           432


                     Adjusted EBITDA*(1)                                    $3,276     $3,318                  $2,764       $6,594        $5,630

    ---                                                                                                                                  ---



                     Adjusted EBITDA
                      margin*                                                59.6%     60.8%                  48.9%       60.2%        49.5%







       
                Selected items:


          Cash paid for capital
           expenditures -
           network and other                                                $1,101     $1,019                    $549       $2,120        $1,514


          Cash paid for capital
           expenditures -leased
           devices                                                          $1,707     $1,817                  $1,706       $3,524        $3,065



       
                WIRELINE STATEMENTS OF OPERATIONS (Unaudited)



       
                (Millions)




                                               
              Quarter To Date                 
     Year To Date

                                                                                                            ---

                                                            
              9/30/18 
     6/30/18     
              9/30/17   
     9/30/18    
     9/30/17

                                                                                                                                     ---



                     Net operating
                      revenues                                            $328       $338                    $409         $666          $842

    ---                                                                                                                              ---




       
                Net operating expenses


          Cost of services
           (exclusive of
           depreciation and
           amortization below)                                             295        311                     372          606           759


          Selling, general and
           administrative                                                   53         69                      66          122           123


          Depreciation and
           amortization                                                     51         49                      49          100           100


          Other, net                                                        13          5                                  18             5

    ---

        Total net operating
         expenses                                                          412        434                     487          846           987

    ---

                     Operating loss                                      $(84)     $(96)                  $(78)      $(180)       $(145)

    ---                                                                                                                              ---






       
                WIRELINE NON-GAAP RECONCILIATION (Unaudited)



       
                (Millions)




                                               
              Quarter To Date                 
     Year To Date

                                                                                                            ---

                                                            
              9/30/18 
     6/30/18     
              9/30/17   
     9/30/18    
     9/30/17

                                                                                                                                     ---



                     Operating loss                                      $(84)     $(96)                  $(78)      $(180)       $(145)


          Severance and exit
           costs (3)                                                        13          5                                  18             5


          Depreciation and
           amortization                                                     51         49                      49          100           100

    ---

                     Adjusted EBITDA*                                    $(20)     $(42)                  $(29)       $(62)        $(40)

    ---                                                                                                                              ---



                     Adjusted EBITDA
                      margin*                                            -6.1%    -12.4%                  -7.1%       -9.3%        -4.8%







       
                Selected items:


          Cash paid for
           capital
           expenditures -
           network and other                                               $55        $51                     $40         $106          $102



       
                CONDENSED CONSOLIDATED CASH FLOW INFORMATION (Unaudited)



       
                (Millions)




                                                                                                      
       Year To Date



                                                                                                                                 
       9/30/18      
       9/30/17




       
                Operating activities



         Net income                                                                                                                    $380              $158



         Depreciation and amortization                                                                                                4,691             4,148



         Provision for losses on accounts receivable                                                                                    166               199


          Share-based and long-term incentive compensation expense                                                                        68                87



         Deferred income tax expense                                                                                                     39               364



         Gains from asset dispositions and exchanges                                                                                                   (479)



         Loss on early extinguishment of debt                                                                                                             65



         Amortization of long-term debt premiums, net                                                                                  (67)             (90)


          Loss on disposal of property, plant and equipment                                                                              343               410


          Deferred purchase price from sale of receivables                                                                             (223)            (640)



         Other changes in assets and liabilities:



           Accounts and notes receivable                                                                                                 85             (179)



           Inventories and other current assets                                                                                         168               541


            Accounts payable and other current liabilities                                                                              (95)            (161)



           Non-current assets and liabilities, net                                                                                    (384)              183



         Other, net                                                                                                                     186               120



                     Net cash provided by operating activities                                                                         5,357             4,726

    ---




       
                Investing activities



         Capital expenditures - network and other                                                                                   (2,398)          (1,843)



         Capital expenditures - leased devices                                                                                      (3,524)          (3,065)



         Expenditures relating to FCC licenses                                                                                         (70)             (19)



         Change in short-term investments, net                                                                                        (832)            3,834


          Proceeds from sales of assets and FCC licenses                                                                                 272               218


          Proceeds from deferred purchase price from sale of
           receivables                                                                                                                   223               640



         Other, net                                                                                                                      42               (2)


                     Net cash used in investing activities                                                                           (6,287)            (237)

    ---




       
                Financing activities



         Proceeds from debt and financings                                                                                            2,944             1,860


          Repayments of debt, financing and capital lease
           obligations                                                                                                               (2,928)          (4,261)



         Debt financing costs                                                                                                         (248)              (9)



         Call premiums paid on debt redemptions                                                                                                        (129)



         Proceeds from issuance of common stock, net                                                                                    276                 1



         Other, net                                                                                                                                     (22)


                     Net cash provided by (used in) financing activities                                                                  44           (2,560)

    ---



                     Net (decrease) increase in cash, cash equivalents and
                      restricted cash                                                                                                  (886)            1,929




                     Cash, cash equivalents and restricted cash, beginning of
                      period                                                                                                           6,659             2,942

    ---

                     Cash, cash equivalents and restricted cash, end of period                                                        $5,773            $4,871

    ---






       
                RECONCILIATION TO CONSOLIDATED FREE CASH FLOW* (NON-GAAP) (Unaudited)



       
                (Millions)




                                                   
              Quarter To Date                           
       Year To Date

                                                                                                                           ---

                                                               
              9/30/18          
     6/30/18        
              9/30/17     
       9/30/18      
       9/30/17

                                                                                                                                                            ---



                     Net cash provided by
                      operating activities                                 $2,927              $2,430                     $2,802           $5,357            $4,726




          Capital expenditures -
           network and other                                              (1,266)            (1,132)                     (692)         (2,398)          (1,843)


          Capital expenditures -
           leased devices                                                 (1,707)            (1,817)                   (1,706)         (3,524)          (3,065)


          Expenditures relating
           to FCC licenses, net                                              (11)               (59)                       (6)            (70)             (19)


          Proceeds from sales of
           assets and FCC
           licenses                                                           139                 133                        117              272               218


          Proceeds from deferred
           purchase price from
           sale of receivables                                                 53                 170                        265              223               640


          Other investing
           activities, net                                                     63                 (3)                       (1)              60               (2)



                     Free cash flow*                                         $198              $(278)                      $779            $(80)             $655

    ---                                                                                                                                                     ---



          Net proceeds
           (repayments) of
           financings related to
           devices and
           receivables                                                        327                 286                      (359)             613               133


                     Adjusted free cash
                      flow*                                                  $525                  $8                       $420             $533              $788

    ---                                                                                                                                                     ---



       
                CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)



       
                (Millions)




                                                                       
     9/30/18 
     3/31/18

                                                                                       ---


       
                ASSETS



       Current assets



       Cash and cash equivalents                                         $5,726     $6,610



       Short-term investments                                             3,186      2,354



       Accounts and notes receivable, net                                 3,555      3,711



       Device and accessory inventory                                       859      1,003



       Prepaid expenses and other current assets                          1,121        575

    ---


       Total current assets                                              14,447     14,253





       Property, plant and equipment, net                                20,816     19,925



       Costs to acquire a customer contract                               1,379          -



       Goodwill                                                           6,598      6,586



       FCC licenses and other                                            41,373     41,309



       Definite-lived intangible assets, net                              2,075      2,465



       Other assets                                                       1,163        921

    ---


       
                Total assets                                        $87,851    $85,459

    ---                                                                                ---




       
                LIABILITIES AND EQUITY



       Current liabilities



       Accounts payable                                                  $4,210     $3,409


        Accrued expenses and other current liabilities                     3,370      3,962


        Current portion of long-term debt, financing and
         capital lease obligations                                         5,346      3,429

    ---


       Total current liabilities                                         12,926     10,800




        Long-term debt, financing and capital lease
         obligations                                                      35,329     37,463



       Deferred tax liabilities                                           7,704      7,294



       Other liabilities                                                  3,428      3,483



       
                Total liabilities                                    59,387     59,040

    ---




       Stockholders' equity



       Common stock                                                          41         40



       Treasury shares, at cost                                            (15)         -



       Paid-in capital                                                   28,251     27,884



       Retained earnings (accumulated deficit)                              432    (1,255)



       Accumulated other comprehensive loss                               (308)     (313)



       Total stockholders' equity                                        28,401     26,356

    ---


       Noncontrolling interests                                              63         63



       Total equity                                                      28,464     26,419

    ---


       
                Total liabilities and equity                        $87,851    $85,459

    ---                                                                                ---






       
                NET DEBT* (NON-GAAP) (Unaudited)



       
                (Millions)




                                                                       
     9/30/18 
     3/31/18

                                                                                       ---


       Total debt                                                       $40,675    $40,892



       Less: Cash and cash equivalents                                  (5,726)   (6,610)



       Less: Short-term investments                                     (3,186)   (2,354)



       
                Net debt*                                           $31,763    $31,928

    ---                                                                                ---



       
                SCHEDULE OF DEBT (Unaudited)



       
                (Millions)




                                                                                           
        9/30/18



                                    ISSUER                                    MATURITY 
     
       PRINCIPAL

    ---                                                                                               ---


       
                Sprint Corporation


        7.25% Senior notes due 2021                              
              09/15/2021             $2,250


        7.875% Senior notes due 2023                             
              09/15/2023              4,250


        7.125% Senior notes due 2024                             
              06/15/2024              2,500


        7.625% Senior notes due 2025                             
              02/15/2025              1,500


        7.625% Senior notes due 2026                             
              03/01/2026              1,500



       
                  Sprint Corporation                                                        12,000

    ---



                     Sprint Spectrum Co LLC, Sprint Spectrum Co II LLC, and Sprint
                      Spectrum Co III LLC


        3.36% Senior secured notes due
         2021                                                    
              09/20/2021              2,625


        4.738% Senior secured notes
         due 2025                                                
              03/20/2025              2,100


        5.152% Senior secured notes
         due 2028                                                
              03/20/2028              1,838


                       Sprint Spectrum Co LLC, Sprint Spectrum Co II LLC, and Sprint
                        Spectrum Co III LLC                                                       6,563

    ---




       
                Sprint Communications, Inc.


        Export Development Canada
         secured loan                                            
              12/17/2019                300


        9% Guaranteed notes due 2018                             
              11/15/2018              1,753


        7% Guaranteed notes due 2020                             
              03/01/2020              1,000


        7% Senior notes due 2020                                 
              08/15/2020              1,500


        11.5% Senior notes due 2021                              
              11/15/2021              1,000


        9.25% Debentures due 2022                                
              04/15/2022                200


        6% Senior notes due 2022                                 
              11/15/2022              2,280



       
                  Sprint Communications, Inc.                                                8,033

    ---




       
                Sprint Capital Corporation


        6.9% Senior notes due 2019                               
              05/01/2019              1,729


        6.875% Senior notes due 2028                             
              11/15/2028              2,475


        8.75% Senior notes due 2032                              
              03/15/2032              2,000

    ---


       
                  Sprint Capital Corporation                                                 6,204

    ---




       
                Credit facilities


        PRWireless secured term loan                             
              06/28/2020                181


        Secured equipment credit
         facilities                                       
              2021 - 2022                      461



       Secured term loan                                        
              02/03/2024              3,940

    ---


       
                  Credit facilities                                                          4,582

    ---



                     Accounts receivable facility                                 2020               3,024




                     Financing obligations                                        2021                 129




                     Capital leases and other
                      obligations                         
              2019 - 2026                      478



       
                Total principal                                                             41,013

    ---




       
                Net premiums and debt financing costs                                        (338)



       
                Total debt                                                                 $40,675

    ---



       
                RECONCILIATION OF ADJUSTMENTS FROM THE ADOPTION OF TOPIC 606 RELATIVE TO TOPIC 605 ON CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)



       
                (Millions, except per share data)




                                                        Three Months Ended September 30, 2018                                                               Six Months Ended September 30, 2018

                                                                                                                                                                                         ---

                                                           
              As reported                             
              Balances                        
              Change                      
     As reported          
              Balances             
     Change
                                                                                                             without adoption                                                                                         without adoption
                                                                                                               of Topic 606                                                                                             of Topic 606

                                                                                                                                                                                                                                                                ---


       
                Net operating revenues


          Service revenue                                                              $5,762                                            $5,935                               $(173)                         $11,502                          $11,818            $(316)


          Equipment sales                                                               1,418                                             1,067                                  351                            2,591                            1,959               632


          Equipment rentals                                                             1,253                                             1,270                                 (17)                           2,465                            2,498              (33)

    ---

                     Total net operating
                      revenues                                                          8,433                                             8,272                                  161                           16,558                           16,275               283

    ---


       
                Net operating expenses


          Cost of services
           (exclusive of
           depreciation and
           amortization below)                                                          1,694                                             1,714                                 (20)                           3,371                            3,402              (31)


          Cost of equipment
           sales                                                                        1,517                                             1,468                                   49                            2,787                            2,716                71


          Cost of equipment
           rentals (exclusive
           of depreciation
           below)                                                                         151                                               151                                                                  275                              275                 -


          Selling, general and
           administrative                                                               1,861                                             1,954                                 (93)                           3,728                            3,902             (174)


          Depreciation -
           network and other                                                            1,021                                             1,021                                                                2,044                            2,044                 -


          Depreciation -
           equipment rentals                                                            1,181                                             1,181                                                                2,317                            2,317                 -


          Amortization                                                                    159                                               159                                                                  330                              330                 -


          Other, net                                                                       71                                                71                                                                  113                              113                 -

    ---

        Total net operating
         expenses                                                                       7,655                                             7,719                                 (64)                          14,965                           15,099             (134)

    ---

                     Operating income                                                     778                                               553                                  225                            1,593                            1,176               417

    ---

        Total other expense                                                             (554)                                            (554)                                                             (1,149)                         (1,149)                -

    ---

                     Income (loss) before
                      income taxes                                                        224                                               (1)                                 225                              444                               27               417


        Income tax (expense)
         benefit                                                                         (17)                                               30                                 (47)                            (64)                              23              (87)

    ---

                     Net income                                                           207                                                29                                  178                              380                               50               330

    ---

          Less: Net income
           attributable to
           noncontrolling
           interests                                                                     (11)                                             (11)                                                                 (8)                             (8)                -

    ---

                     Net income
                      attributable to
                      Sprint Corporation                                                 $196                                               $18                                 $178                             $372                              $42              $330

    ---                                                                                                                                                                                                                                                         ---



                     Basic net income per
                      common share
                      attributable to
                      Sprint Corporation                                                $0.05    
              
                $                    -                               $0.05                            $0.09                            $0.01             $0.08

    ---                                                                                                                                                                                                                                                         ---

                     Diluted net income
                      per common share
                      attributable to
                      Sprint Corporation                                                $0.05    
              
                $                    -                               $0.05                            $0.09                            $0.01             $0.08

    ---                                                                                                                                                                                                                                                         ---

        Basic weighted
         average common
         shares outstanding                                                             4,061                                             4,061                                                                4,036                            4,036                 -

    ---

        Diluted weighted
         average common
         shares outstanding                                                             4,124                                             4,124                                                                4,095                            4,095                 -

    ---


                   RECONCILIATION OF ADJUSTMENTS FROM THE ADOPTION OF TOPIC 606 RELATIVE TO TOPIC 605 ON CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)



     
                (Millions)


                                                     
              September 30, 2018



                                                         
              As reported                        
              Balances                      
              Change
                                                                                                      without adoption
                                                                                                        of Topic 606

                                                                                                                                                                   ---


     
                ASSETS



     Current assets


      Accounts and notes receivable,
       net                                                                         $3,555                                      $3,470                                $85


      Device and accessory inventory                                                  859                                         881                               (22)


      Prepaid expenses and other
       current assets                                                               1,121                                         691                                430


      Costs to acquire a customer
       contract                                                                     1,379                                                                         1,379



     Other assets                                                                  1,163                                       1,004                                159





     
                LIABILITIES AND STOCKHOLDERS' EQUITY



     Current liabilities


      Accrued expenses and other
       current liabilities                                                         $3,370                                      $3,397                              $(27)


      Deferred tax liabilities                                                      7,704                                       7,251                                453



     Other liabilities                                                             3,428                                       3,460                               (32)





     Stockholders' equity


      Retained earnings (accumulated
       deficit)                                                                       432                                     (1,205)                             1,637


        NOTES TO THE FINANCIAL INFORMATION (Unaudited)





     
     (1)              As more of our customers elect to lease
                           a device rather than purchasing one
                           under our subsidized program, there is
                           a significant positive impact to
                           EBITDA* and Adjusted EBITDA* from
                           direct channel sales primarily due to
                           the fact the cost of the device is not
                           recorded as cost of equipment sales
                           but rather is depreciated over the
                           customer lease term. Under our device
                           leasing program for the direct
                           channel, devices are transferred from
                           inventory to property and equipment
                           and the cost of the leased device is
                           recognized as depreciation expense
                           over the customer lease term to an
                           estimated residual value. The customer
                           payments are recognized as revenue
                           over the term of the lease. Under our
                           subsidized program, the cash received
                           from the customer for the device is
                           recognized as revenue from equipment
                           sales at the point of sale and the
                           cost of the device is recognized as
                           cost of equipment sales. During the
                           three and six month periods ended
                           September 30, 2018, we leased devices
                           through our Sprint direct channels
                           totaling approximately $1,094 million
                           and $2,257, respectively, which would
                           have increased cost of equipment sales
                           and reduced EBITDA* if they had been
                           purchased under our subsidized
                           program.




                          The impact to EBITDA* and Adjusted
                           EBITDA* resulting from the sale of
                           devices under our installment billing
                           program is generally neutral except
                           for the impact in our indirect
                           channels from the time value of money
                           element related to the imputed
                           interest on the installment
                           receivable.





     
     (2)              During the second quarter of fiscal
                           year 2018 and the first quarter of
                           fiscal year 2017, the company recorded
                           losses on dispositions of assets
                           primarily related to cell site
                           construction and network development
                           costs that are no longer relevant as a
                           result of changes in the company's
                           network plans. Additionally, during
                           the first quarter of fiscal year 2017
                           the company recorded a pre-tax non-
                           cash gain related to spectrum swaps
                           with other carriers.





     
     (3)              During the second and first quarters of
                           fiscal year 2018, severance and exit
                           costs consist of lease exit costs
                           primarily associated with tower and
                           cell sites, access exit costs related
                           to payments that will continue to be
                           made under the company's backhaul
                           access contracts for which the company
                           will no longer be receiving any
                           economic benefit, and severance costs
                           associated with reduction in its work
                           force.





     
     (4)              During the first quarter of fiscal year
                           2018, contract termination costs are
                           primarily due to the purchase of
                           certain leased spectrum assets, which
                           upon termination of the spectrum
                           leases resulted in the accelerated
                           recognition of the unamortized
                           favorable lease balances. During the
                           first quarter of fiscal year 2017, we
                           recorded a $5 million gain due to
                           reversal of a liability recorded in
                           relation to the termination of our
                           relationship with General Wireless
                           Operations, Inc. (Radio Shack).





     
     (5)              During the second and first quarters of
                           fiscal year 2018, we recorded merger
                           costs of $56 million and $93 million,
                           respectively, due to the proposed
                           Business Combination Agreement with T-
                           Mobile.





     
     (6)              During the first quarter of fiscal year
                           2017, we recorded a $55 million
                           reduction in legal reserves related to
                           favorable developments in pending
                           legal proceedings.





     
     (7)              During the second quarter of fiscal
                           year 2018 we recognized hurricane-
                           related reimbursements of $32 million.
                           During the second quarter of fiscal
                           year 2017 we recorded estimated
                           hurricane-related charges of $34
                           million, consisting of customer
                           service credits, incremental roaming
                           costs, network repairs and
                           replacements.

*FINANCIAL MEASURES

Sprint provides financial measures determined in accordance with GAAP and adjusted GAAP (non-GAAP). The non-GAAP financial measures reflect industry conventions, or standard measures of liquidity, profitability or performance commonly used by the investment community for comparability purposes. These measurements should be considered in addition to, but not as a substitute for, financial information prepared in accordance with GAAP. We have defined below each of the non-GAAP measures we use, but these measures may not be synonymous to similar measurement terms used by other companies.

Sprint provides reconciliations of these non-GAAP measures in its financial reporting. Because Sprint does not predict special items that might occur in the future, and our forecasts are developed at a level of detail different than that used to prepare GAAP-based financial measures, Sprint does not provide reconciliations to GAAP of its forward-looking financial measures.

The measures used in this release include the following:

EBITDA is operating income/(loss) before depreciation and amortization. Adjusted EBITDA is EBITDA excluding severance, exit costs, and other special items. Adjusted EBITDA Margin represents Adjusted EBITDA divided by non-equipment net operating revenues for Wireless and Adjusted EBITDA divided by net operating revenues for Wireline. We believe that Adjusted EBITDA and Adjusted EBITDA Margin provide useful information to investors because they are an indicator of the strength and performance of our ongoing business operations. While depreciation and amortization are considered operating costs under GAAP, these expenses primarily represent non-cash current period costs associated with the use of long-lived tangible and definite-lived intangible assets. Adjusted EBITDA and Adjusted EBITDA Margin are calculations commonly used as a basis for investors, analysts and credit rating agencies to evaluate and compare the periodic and future operating performance and value of companies within the telecommunications industry.

Postpaid ABPA is average billings per account and calculated by dividing postpaid service revenue earned from postpaid customers plus billings from installment plans and non-operating leases, as well as equipment rentals, by the sum of the monthly average number of postpaid accounts during the period. We believe that ABPA provides useful information to investors, analysts and our management to evaluate average postpaid customer billings per account as it approximates the expected cash collections, including billings from installment plans and non-operating leases, as well as equipment rentals, per postpaid account each month.

Postpaid Phone ABPU is average billings per postpaid phone user and calculated by dividing service revenue earned from postpaid phone customers plus billings from installment plans and non-operating leases, as well as equipment rentals by the sum of the monthly average number of postpaid phone connections during the period. We believe that ABPU provides useful information to investors, analysts and our management to evaluate average postpaid phone customer billings as it approximates the expected cash collections, including billings from installment plans and non-operating leases, as well as equipment rentals, per postpaid phone user each month.

Free Cash Flow is the cash provided by operating activities less the cash used in investing activities other than short-term investments and equity method investments. Adjusted Free Cash Flow is Free Cash Flow plus the proceeds from device financings and sales of receivables, net of repayments. We believe that Free Cash Flow and Adjusted Free Cash Flow provide useful information to investors, analysts and our management about the cash generated by our core operations and net proceeds obtained to fund certain leased devices, respectively, after interest and dividends, if any, and our ability to fund scheduled debt maturities and other financing activities, including discretionary refinancing and retirement of debt and purchase or sale of investments.

Net Debt is consolidated debt, including current maturities, less cash and cash equivalents and short-term investments. We believe that Net Debt provides useful information to investors, analysts and credit rating agencies about the capacity of the company to reduce the debt load and improve its capital structure.

SAFE HARBOR

This release includes "forward-looking statements" within the meaning of the securities laws. The words "may," "could," "should," "estimate," "project," "forecast," "intend," "expect," "anticipate," "believe," "target," "plan", "outlook," "providing guidance," and similar expressions are intended to identify information that is not historical in nature. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future -- including statements relating to our network, cost reductions, connections growth, and liquidity; and statements expressing general views about future operating results -- are forward-looking statements. Forward-looking statements are estimates and projections reflecting management's judgment based on currently available information and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. With respect to these forward-looking statements, management has made assumptions regarding, among other things, the development and deployment of new technologies and services; efficiencies and cost savings of new technologies and services; customer and network usage; connection growth and retention; service, speed, coverage and quality; availability of devices; availability of various financings, including any leasing transactions; the timing of various events and the economic environment. Sprint believes these forward-looking statements are reasonable; however, you should not place undue reliance on forward-looking statements, which are based on current expectations and speak only as of the date when made. Sprint undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. In addition, forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our company's historical experience and our present expectations or projections. Factors that might cause such differences include, but are not limited to, those discussed in Sprint Corporation's Annual Report on Form 10-K for the fiscal year ended March 31, 2018. You should understand that it is not possible to predict or identify all such factors. Consequently, you should not consider any such list to be a complete set of all potential risks or uncertainties.

About Sprint:
Sprint (NYSE: S) is a communications services company that creates more and better ways to connect its customers to the things they care about most. Sprint served 54.5 million connections as of Sept. 30, 2018 and is widely recognized for developing, engineering and deploying innovative technologies, including the first wireless 4G service from a national carrier in the United States; leading no-contract brands including Virgin Mobile USA, Boost Mobile, and Assurance Wireless; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. Today, Sprint's legacy of innovation and service continues with an increased investment to dramatically improve coverage, reliability, and speed across its nationwide network and commitment to launching the first 5G mobile network in the U.S. You can learn more and visit Sprint at www.sprint.com or www.facebook.com/sprint and www.twitter.com/sprint.

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SOURCE Sprint