News
Sprint bleeds customers; sells 1.5 million iPhones
Thu, 10/25/2012 - 4:55am
Sprint Nextel's losses widened in the third quarter as the company prepares to shutdown its older Nextel network. It also reported it sold 1.5 million iPhones in the quarter.
The company, which is being bought out for $20 billion by Japan's Softbank, reported it lost $767 million or 26 cents per share compared with a loss of $301 million or 10 cents per share in the same quarter a year ago. Net operating revenue was up for the quarter to $8.76 billion from $8.33 billion during the third quarter last year. Analysts had expected revenue of around $8.8 billion.
