Sprint Nextel widens loss to $478 million in Q3 results

Sprint Nextel has widened its loss by 47 percent to $478 million, or 17 cents per share, in the third quarter from a loss of $326 million, or 11 cents per share, in the year ago period. The company posted revenue of $8.0 billion, down 9 percent since the same period last year. The company lost 801,000 post-paid subscribers and churn increased to 2.17 percent from 2.15 percent in the year ... Read More