Thursday, February 19, 2009

Sprint Loses More than 1M Subs abd $1B

Phone+ reports on Sprint-Nextel's horrible 4Q09.

Sprint-Nextel "lost 1.3 million customers; 1.1 million of them were coveted post-paid users. So as subscribers defected, revenue fell – by 14 percent, in fact, to $8.43 billion." And yet they are still the third largest US cellco. "Meanwhile, Sprint reported an overall net loss of $1.62 billion, compared to net loss of $29.45 billion a year earlier." When will the bleeding stop?

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