Sprint Nextel slows subscriber loss in 4th quarter

Feb 10, 2010

(AP) -- Sprint Nextel says its subscriber losses slowed in the fourth quarter, an encouraging sign for the wireless carrier that has lost millions of customers over the past few years.

Sprint says it lost a net 148,000 in the last three months of 2009, far less than the 545,000 who fled in the third quarter.

Corp. on Wednesday reported a quarterly loss of $980 million, or 34 cents per share, for the last three months of 2009. That compares with a loss of $1.62 billion, or 57 cents per share, a year earlier.

Revenue at the Overland Park, Kan., wireless carrier slipped 7 percent to $7.87 billion.

Analysts expected a loss of 19 cents per share on $8.0 billion in revenue. They likely excluded the effects of a noncash $306 million tax charge in their earnings estimates.

Explore further: Verizon launches rewards program with tracking

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Sprint Nextel posts wider 2Q loss, shares skid

Jul 29, 2009

(AP) -- Sprint Nextel Corp., the nation's third-largest wireless provider, on Wednesday said its loss widened in the second quarter as revenue and subscribers continued to decline. Its shares skidded 10 percent ...

Despite prepaid lift, Sprint Nextel loss widens

May 04, 2009

(AP) -- Despite a widening net loss, Sprint Nextel Corp. finally got some good news in its long recovery Monday, as a big surge in "prepaid" customers offset another nightmarish drop in valuable subscribers ...

Economy and iPhone subsidies trim AT&T's 2Q profit

Jul 23, 2009

(AP) -- AT&T Inc.'s earnings fell 15 percent in the second quarter as it subsidized a record-setting launch of the newest iPhone. The weak economy also continued to sap its landline business.

Sprint Nextel signs networking deal with Ericsson

Jul 09, 2009

(AP) -- Sprint Nextel Corp. has signed a seven-year deal with LM Ericsson for the Swedish telecommunications equipment maker to take over operation of Sprint's wireless and wireline networks.

Verizon 1st-qtr profit, revenue beat expectations

Apr 27, 2009

(AP) -- Verizon Communications Inc. said Monday its earnings grew 5 percent in the first quarter, boosted by its acquisition of Alltel Corp. and strong demand for its wireless, Internet and TV services.

Recommended for you

FX says overnight ratings becoming meaningless

8 hours ago

(AP)—It's a rite nearly as old as television: the morning after a new show premieres, network executives wait impatiently for the Nielsen company's estimate of how many people watched, and rush to report ...

Verizon launches rewards program with tracking

Jul 21, 2014

Verizon Wireless is launching a nationwide loyalty program this week for its 100-million-plus subscribers. There's a twist, though: To earn points for every dollar spent, subscribers must consent to have their movements tracked ...

Verizon boosts FiOS uploads to match downloads

Jul 21, 2014

Verizon is boosting the upload speeds of nearly all its FiOS connections to match the download speeds, vastly shortening the time it takes for subscribers to send videos and back up their files online.

The goTenna device pitch is No Service, No Problem

Jul 18, 2014

In the new age of Internet-based crowdfunding with special price offers, where startup teams try to push their product closer and closer to the gate of entry, goTenna's campaign offers a most attractive pitch. ...

Maths can make the internet 5-10 times faster

Jul 17, 2014

Mathematical equations can make Internet communication via computer, mobile phone or satellite many times faster and more secure than today. Results with software developed by researchers from Aalborg University ...

User comments : 0