Sprint improves EBITDA growth on switch to handset leasing

(Telecompaper) Sprint reported second-quarter adjusted EBITDA up 14 percent to USD 2.1 billion, while revenues were still down 9 percent to USD 8.0 billion. The improved EBITDA was due in part to the switch to handset leasing, which moved associated costs to depreciation from product costs, as well as lower costs at the wireline operations and for bad debtors. The company also raised its full-year outlook for adjusted EBITDA to USD 7.2-7.6 billion, from an earlier estimate of USD 6.5-6.9 billion