Sprint CFO hints to cutting debt & potentially see a growth in revenue

Sprint is still falling back on hard times as the economy is still trying to slowly recover – the competition is really forcing them to squeeze out every nickel and penny from their pockets to stay competitive in the market. After their credit rating was cut by S&P, it was just another setback for the number three wireless provider in getting itself back into the positive. Fortunately there was some good news out of the mouth of Sprint's Chief Financial Officer, Bob Brust, that shined the light onto the some optimistic views about their future. Brust hinted during an investor conference on Monday that the company plans to cut its debt faster – which of course could potentially lead to a much needed growth in quarterly revenue; something that hasn't happened in the last four years.  Brust said, "revenue this year we hope is more stable or flattish. Maybe in the next several quarters we'll actually see some growth in revenue." Although they were still bleeding out customers in its last quarterly report, Brust said that the revenue growth can come from Sprint's prepaid business and its slowly narrowing gap of postpaid customer losses. With those slightly cheery news, Sprint's shares were up – we'll see how well they execute on their plans in achieving that positive growth.

via Sprint Connections