Sprint 2012 Q3

Sprint’s latest financials show that the network is stemming its losses, but is still taking a hit on a $767 million net loss and an operating loss of $231 million. Dan Hesse’s company managed to bring in service revenues of $7.3 billion and added a further 900,000 customers in the period, but ate $397 million write-down as part of the Nextel shutdown.

Naturally, it’s been a busy three months for Sprint after it reported a $629 million operating loss in the second quarter of the year. Since then, it’s been bought out by Japanese carrier Softbank for $20.1 billion and has used some of the cash to regain a controlling stake in Clearwire.

Developing…

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Sprint sells 1.5 million iPhones, 1 million other smartphones, but makes a net loss of $767 million originally appeared on Engadget on Thu, 25 Oct 2012 07:05:00 EDT. Please see our terms for use of feeds.

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Source: http://www.engadget.com/2012/10/25/sprint-2012-q3/

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