Sprint Nextel losses 1.1Mn postpaid subscribers in Q3’08 (USA)
Sprint Nextel, USA, reports a quaterly loss and lowered revenues driven by CHURN to rival operators. It posted a net loss of $326 million in comparison to profit of $64 million last year and a downfall in revenue to $8.81 billion, from $10.04 billion a year ago.
The telco lost nearly 1.1 million postpaid subscribers the one’s who paid monthly bills. Including postpaid and prepaid subscribers, who pay for calls in advance and do not commit to monthly contracts, Sprint lost 1.3 million subscribers in Q3’08.
