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Shares rose 3.6 percent to $9.40 in pre-market trading on
Wednesday.
The company, majority owned by Japan's SoftBank Corp <9984.T>,
said its net loss narrowed to $283 million, or 7 cents per share
in the fourth quarter ended March 31, from $554 million, or 14
cents per share, a year earlier.
Net operating revenue rose 5.8 percent to $8.54 billion.
Sprint said it added 42,000 phone subscribers who pay a monthly
bill in the quarter.
The company is likely to face questions from industry analysts
over merger prospects on its post-earnings conference call.
The U.S. Federal Communications Commission (FCC) barred merger
talks among telecommunications companies for over a year as it
conducted a $19.8 billion auction of airwaves from broadcasters
for wireless use.
Sprint was not in the auction but could not talk to companies
that were. Now that the quiet period mandated by the FCC is
over, it can have such discussions.
(Additional reporting by Laharee Chatterjee in Bengaluru;
Editing by Sai Sachin Ravikumar and Chizu Nomiyama)
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