Sprint loses $1.6B but investors see rays of hope (AP)

A customer samples a Sprint Nextel BlackBerry Curve at a Sprint Nextel store in San Jose, Calif., Wednesday, Feb. 18, 2009. Sprint Nextel Corp. said Thursday, it lost $1.6 billion in the fourth quarter as it continued to lose subscribers and revenue. (AP Photo/Paul Sakuma)AP – Sprint Nextel Corp., the nation’s third-largest wireless carrier, said Thursday it continued to lose customers and money in the fourth quarter and wrote down the remaining value of Sprint’s 2005 purchase of Nextel Communications Inc.

Leave a Reply