Sprint's revenue falls due to heavy discounts

[May 03, 2016]  (Reuters) - Sprint Corp, the No.4 U.S. wireless carrier, said its quarterly revenue fell 2.5 percent as it gave big discounts to attract more subscribers.

The company's net operating revenue fell to $8.07 billion in the fourth quarter ended March 31 from $8.28 billion a year earlier.

Sprint's net loss widened to $554 million, or 14 cents per share, from $224 million, or 6 cents per share.

(Reporting by Sai Sachin R in Bengaluru; Editing by Savio D'Souza)

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