Sprint narrows loss, posts tepid subscriber growth
(Reuters) – Sprint Nextel Corp, an acquisition target of both Japan’s SoftBank Corp and Dish Network Corp, posted a smaller-than-expected quarterly loss, even as it suffered steep customer losses from the wind-down of its Nextel network. Sprint, the No. 3 U. S. mobile service provider, on Wednesday recorded higher-than-expected revenue as customers spent more on wireless services. Its first-quarter loss narrowed to $643 million, or 21 cents per share, from $863 million, or 29 cents per share, in the year-ago quarter. . . .
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