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Sprint Loses 1M Customers, $505M in Q1

Embattled carrier will cut 4K jobs, close outlets, sell assets

By Jim O'Neill, Newser User

Posted May 12, 2008 8:11 AM CDT

(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,... Read full story »

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Sprint Loses 1M Customers, $505M in Q1

Embattled carrier will cut 4K jobs, close outlets, sell assets

corporate earnings • Sprint Nextel • cell phone industry • Clearwire • Dan Hesse

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More Newser Stories

Sprint Nextel Revives WiMAX Plans

Mobile carrier looks for partners to cut cost of high-speed wireless network

Sprint Nextel to Cut 8K Jobs

3rd-largest wireless outfit has lost millions of subscribers

Samsung's Instinct: Smart, if Not an iPhone

Sprint's touchscreen phone's no giant killer, but it's a contender

Sprint Tries to Open Up to Customers

Struggling telco's CEO seeks suggestions for improvement

Cell Phone Market Nears Saturation

Which means services for customers should get better

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