All Posts Tagged Tag: ‘nextel’

Sprint Loses $1.6 Billion, Loses Nextel Subscribers

Today Sprint Corporation released its first quarterly report since its acquisition by SoftBank. The U.S. mobile provider posted a massive $1.6 billion net loss during the second quarter of 2013, while the company’s revenue during the quarter dropped slightly to just over $845 million. One of the few bright spots of the report includes an 8% rise in Sprint’s wireless …

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Sprint to Shut Down Nextel on June 30

Sprint Nextel today announced that it is still planning to shut down the Nextel National Network by the end of June. The company has stated that June 29 will be the final day of full Nextel iDEN network service. On Sunday, June 30, iDEN phones will not receive voice or data. Sprint stated the equipment that powers the network will …

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Sprint Losses Drop, But So Do Subscribers

Sprint, the third largest wireless carrier in the U.S., today released its first quarter 2013 financial results. The report shows that the company’s net losses have decreased from the fourth quarter of 2012, though it also shows worrying trends, such as falling subscriber numbers. Sprint reported a net loss of $643 million, compared to the $863 million net loss it …

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Sprint Sells 1.5 Million iPhones in Q1

Sprint has been losing money with the impending shutdown of its Nextel network. Customers had been leaving the “push to talk” walkie-talkie-like service in waves, and Sprint is pulling the plug at the end of the year. Though, investors have been happy with the performance of Apple’s iPhone on the Sprint network, as the company has added a $10-per-month surcharge …

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