Sprint, Nextel Commun Set For 'Solid' Q1 Net Adds
Bear Stearns expects "solid" first-quarter net additions for Nextel Communications (nasdaq: NXTL - news - people ) and Sprint (nyse: FON - news - people ) and raised the price target on Nextel Partners (nasdaq: NXTL - news - people ). Bear Stearns said, "While slower than the second-half 2004 rate, we estimate that Nextel Communications will still add over 475,000 core customers in the first quarter and Sprint, over 420,000." The research firm lowered the core average revenue per unit (ARPU) estimate for Nextel communications to $67 from $68 to account for the company's "typical seasonal reduction in ARPU."
http://www.forbes.com/markets/2005/04/06/0406automar ... »
http://www.forbes.com/markets/2005/04/06/0406automar ... »
...
nextel18 said:...
Bear Stearns expects "solid" first-quarter net additions for Nextel Communications (nasdaq: NXTL - news - people ) and Sprint (nyse: FON - news - people ) and raised the price target on Nextel Partners (nasdaq: NXTL - news - people ). Bear Stearns said, "While slower than the second-half 2004 rate, we estimate that Nextel Communications will still add over 475,000 core customers in the first quarter and Sprint, over 420,000." The research firm lowered the core average revenue per unit (ARPU) estimate for Nextel communications to $67 from $68 to account for the company's "typical seasonal reduction in ARPU."
http://www.forbes.com/markets/2005/04/06/0406automar ... »
(continues)
...
