NANTUCKET, Mass.-Nextel Communications Inc. told investors it is achieving improved customer satisfaction, is continuing to scale capital spending and is on track to meet or exceed its full-year 2003 guidance.
“We are very encouraged by favorable trends in customer retention rates, net subscriber additions and our average revenue per subscriber,” explained Tim Donahue, president and chief executive officer. Nextel reported earlier this year that it expects to report at least $500 million in free cash flow; at least $3.8 billion in earnings before interest, taxes, depreciation and amortization; $1.8 billion or less in capital expenditures; and approximately 1.7 million net customer additions. Donahue added that the Motorola Inc. six-to-one voice coder software upgrade is on schedule for implementation during the third quarter.
