Sprint Nextel’s net losses widened in the fourth quarter of 2011 to USD1.3 billion compared to USD929 million a year earlier, on revenues which climbed 5.1% year-on-year to USD8.7 billion, influenced by the cost of introducing end-user discounts for Apple iPhone contracts. Sprint’s gross sales of iPhones totalled 1.8 million in October-December 2011, including around 720,000 to new customers, driving total net additions of 1.6 million subscribers in the quarter, including 668,000 retail subscribers – of which 161,000 were post-paid – and 954,000 wholesale (MVNO) and affiliate subscribers.
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OVETEL Sprint’s Q4 results impacted by iPhone discounts; reveals additional LTE launch cities
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