Sprint Nextel's losses widened in the third quarter as the company prepares to shut down its older Nextel network. It also reported it sold 1.5 million iPhones in the quarter.
The company, which is being bought out for $20 billion by Japan's Softbank, reported today that it lost $767 million, or 26 cents per share, compared with a loss of $301 million or 10 cents per share in the same quarter a year ago. Net operating revenue was up for the quarter to $8.76 billion from $8.33 billion during the third quarter last year. Analysts … Read more