Sprint posts narrower loss, weak subscriber numbers
(Reuters) – Sprint Nextel Corp, an acquisition target of both Japan’s SoftBank Corp and Dish Network Corp, on Wednesday posted a smaller-than-expected quarterly loss, but its customer growth suffered as its Nextel network winds down. While Sprint, the No. 3 U. S. mobile service provider, recorded higher-than-expected revenue, it said the Nextel network shutdown was also stunting growth in its remaining network because large business customers were leaving. Sprint added 12,000 customers to its network, compared with the average estimate of almost 198,000 from five analysts contacted by Reuters. . . .
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