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Sprint reports Record Loss of $29.5 Billion in Q4

Topic: Mobile Phones

Posted on Thu, 28 Feb 2008 08:57:25 CST | by Luigi Lugmayr

Sprint reports Record Loss of $29.5 Billion in Q4

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Sprint Nextel reported a record loss of $29.5 Billion. The company wrote off almost all of the Nextel acquisition cost from 2005. Shares of Sprint shares are currently down 11%.

Sprint already borrowed $2.5 billion to increase financial flexibility. On top of these financial issues the 3rd largest wireless carrier in the U.S. is losing subscribers.
More details in this Sprint press-release and on CNN Money.


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Posted on Thu, 28 Feb 2008 08:57:25 CST | by Luigi Lugmayr

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