NEW YORK-Nextel Partners Inc. said it will report positive cash flow for last year, that it added more customers than expected and spent less money to expand its network then planned when it reports fourth quarter and full-year 2002 financial results on Feb. 26.
“What we’re finding is that we’re building more sites more efficiently and for less dollars,” said John Chapple, chief executive officer of Nextel Partners, at a Legg Mason telecommunications conference.
Nextel Partners had previously forecast 93,100 net customer additions for the fourth quarter and 361,900 net additions for all of last year. Chapple also said the carrier was not at risk of violating any financial covenants or requirements and still had access to a $100 million revolving credit facility.
