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July 9, 2008 8:33:52 AM CDT

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Sprint Loses 1M Customers, $505M in Q1

Posted May 12, 08 8:11 AM CDT in Technology,  Business    Most Covered

(Newser) – Sprint Nextel continued to hemorrhage customers in the first quarter, losing more than 1 million subscribers and tallying losses of $505 million, more than double its losses in the same period last year, reports Bloomberg. Sales slipped nearly 8% to $9.33 billion. The carrier, rumored to be a takeover target of Deutsche Telekom, said it would likely sell assets.

Source Bloomberg

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Deutsche Telekom AG is reportedly mulling a bid to acquire Sprint Nextel Corp., The Wall Street Journal Reported Monday, May 5.   (AP Photo/Frank Augstein, File)
Sprint customers shop at a Sprint retail store in Springfield, Ill.   (AP Photo/Seth Perlman)
Sprint CEO Dan Hesse   (AP Photo/Isaac Brekken)
A Sprint store in Los Angeles.   (AP Photo/Reed Saxon)
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corporate earnings  • cell phone industry  • Sprint Nextel  • Clearwire  • Dan Hesse


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