Sprint touted its new wireless connections, but now says many gains were free lines. The company says it is actually “in a very difficult situation.”
Sprint Corp. has touted adding new wireless connections for six straight quarters. What it didn’t say until now is that many of those gains were free lines or existing customers that switched services.
With its proposed merger with T-Mobile US Inc. under pressure, the wireless carrier told regulators this week that its performance isn’t as strong as it appears and it will struggle to operate as a stand-alone company.
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