socialmedian: Sprint reports losses despite improvements... (The Mobile Technology Weblog via TechNews AM)

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Sprint reports losses despite improvements... (The Mobile Technology Weblog via TechNews AM)

Submitted by Mogston from blog

Nov 07, 2009

Summary

Sometimes it seems like Sprint must be scratching their collective head in effort to figure out what gives with the domestic wireless market. The company reported a large third-quarter loss as subscribers continued to leave for rivals AT&T and Verizon despite an improved selection of phones and cheaper rates.

According to the release, Sprint lost $478 million in the quarter, compared to a $326 million loss in the same period of 2008...