Sprint 4Q 2008 Loss less than expected but keeps losing customers

NEW YORK -(Dow Jones)- Sprint Nextel Corp. (S) posted a narrower fourth- quarter loss and indicated that it’s on the cusp of turning around its subscriber losses.
The Overland Park, Kan., wireless carrier lost 1.3 million subscribers in the fourth quarter – still an alarmingly high rate – but suggested the declines were stabilizing as predicted. [...]

Written on February 19, 2009 | Posted in Business News, Headlines, Technology | No comment