Sprint (NYSE:S) announced that it lost $1.3 billion during the fourth quarter, roughly the same as the same period last year. The loss amounted to 44 cents per share versus 43 cents per share a year earlier. Analysts had expected a loss of 46 cents per share. Revenue was $9 billion, 3.2 percent higher than a year ago, and beating expectations of $8.9 billion. The increase was attributed to customers switching to higher paying smartphone plans. The company activated 2.2 million Apple (NASDAQ:AAPL) smartphones during the quarter, though this figure still lags that of larger competitors Verizon Wireless (NYSE:VZ) and AT&T (NYSE:T). The company shed 243,000 customers as contracts on the Nextel network, which is being shut down, expired.
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