Sprint Nextel (NYSE:S) announced that its quarterly loss increased, mainly due to charges related to the shutdown of the old Nextel network. The company lost 246,000 subscribers during the quarter, while rivals AT&T (NYSE:T) and Verizon (NYSE:V) both managed to add subscribers. The company also said that Apple (NASDAQ:AAPL) iPhone sales declined during the quarter.
The company lost $1.37 billion, or 46 cents per share, versus $847 million, or 28 cents per share in the same period last year. Revenue was $8.8 billion versus $8.3 billion last year, and analysts had expected $8.727 billion.
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