Five Companies That Dropped The Ball This Week

Email this CRN article

Sprint Nextel Loses 423,000 Subscribers In Third Quarter

Sprint Nextel, which just sold off a 70 percent stake to Japanese mobile carrier Softbank, lost some 423,000 customers in its fiscal third quarter as it continues to shut down the Nextel network and ramp up its own for higher data speeds.

Sprint also reported a loss of $767 million, or 26 cents a share, during the quarter, though this was better than Wall Street analysts' forecast of a quarterly loss of 42 cents per share.

Email this CRN article

Get the latest channel news to your inbox every morning with the CRN Daily newsletter.