Stay connected:
Submitted: July 28, 2011 - 8:43am
Last updated: July 28, 2011 - 8:50am
Last updated: July 28, 2011 - 8:50am
Source:
Bloomberg
Author:
Crayton Harrison
Location:
Sprint Nextel, 6550 Sprint Parkway, Overland Park, KS, 66251, United States
Sprint Nextel, the third- largest U.S. mobile-phone carrier, reported a loss for the 15th consecutive quarter as more customers dropped their contracts.
The second-quarter loss widened to $847 million from $760 million a year earlier. Sprint lost 101,000 customers on monthly contracts after dropping 114,000 in the previous three-month period, starting a new losing streak after reporting a gain in the lucrative users in the fourth quarter of 2010 for the first time in more than four years. The carrier is promoting handsets such as HTC Corp.’s Evo to compete with AT&T and Verizon Wireless, which both now carry Apple’s iPhone.
- Login or register to post comments
- Email this page
Related
- Sprint Loss Widens After IPhone Demand Boosts Subsidy Costs
- Sprint Said to Eye MetroPCS Bid to Rival T-Mobile Offer
- With or Without an AT&T Deal for T-Mobile, Sprint Faces Daunting Challenges
- Deutsche Telekom Profit Falls on T-Mobile USA Client Losses
- Sprint Pares Clearwire Voting Interest to Less Than 50%
- Sprint Nextel pitches $2B plan to provide public-safety communications
- Sprint Nextel to Lay Off 5,000 Workers
- Phone Giants Fight to Keep Subscribers
- Sprint Persuades Judge to Reject Group Suit Over Taxes, Refunds
- Sec Locke Says Sprint’s Chief Was Called About Huawei Bid Concerns
- Sprint to Raise $2 Billion Debt, May Use to Fund Clearwire
- Sprint CEO Hesse Seeking More Deals as Data Demand Surges
- Big Clearwire Holder Resists Sprint
- Clearwire Falls After Dish Says It Won’t Block Sprint
- Why 193,000 people stopped paying for TV last quarter
Location
Javascript is required to view this map.
Ratings
Recommendation:
1
Informative:
0
Accuracy:
0
Login to rate this headline.