More on Sprint's (S +4.9%) Q1: Postpaid net adds were 263K - down from Q4's 539K, but still a welcome change from the losses seen until recently. Total net adds were above 1M (1.6M in Q4), and postpaid ARPU (boosted by iPhone subs) rose $1.29 Q/Q to $59.88. 1.5M iPhones sold (1.8M in Q4). Free cash flow, closely watched given liquidity fears, was $138M, in spite of a 44% Y/Y increase in capex to $800M. Sprint platform churn was 2% (1.99% in Q4).