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Sprint Profits Dive 77% As Subscribers Defect

Network loses most customers since Nextel merger

By Kevin Spak, Newser Staff

Posted Nov 1, 2007 12:00 PM CDT

(Newser) – Sprint Nextel subscribers jumped ship this quarter, taking the stumbling wireless giant’s profits with them. Profit fell 77% this quarter, Bloomberg reports, as 337,000 contract customers departed, the biggest exodus since the Nextel merger. The company said it would miss its 10% growth... Read full story »

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Sprint Profits Dive 77% As Subscribers Defect

Network loses most customers since Nextel merger

earnings reports • Sprint Nextel • cell phone industry • Sprint • Gary Forsee • Paul Saleh

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