Sprint Nextel slows subscriber loss in 4th quarter

February 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: Sprint Nextel posts wider 2Q loss, shares skid

0 shares

Related Stories

Sprint Nextel posts wider 2Q loss, shares skid

July 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 in morning ...

Despite prepaid lift, Sprint Nextel loss widens

May 4, 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 who sign annual ...

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

July 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

July 9, 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

April 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

New method analyzes corn kernel characteristics

November 17, 2017

An ear of corn averages about 800 kernels. A traditional field method to estimate the number of kernels on the ear is to manually count the number of rows and multiply by the number of kernels in one length of the ear. With ...

Optically tunable microwave antennas for 5G applications

November 16, 2017

Multiband tunable antennas are a critical part of many communication and radar systems. New research by engineers at the University of Bristol has shown significant advances in antennas by using optically induced plasmas ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.