Not much improvement at Sprint Nextel, the struggling no. 3 wireless carrier: While Sprint’s (S) rivals all grew last quarter, Sprint lost 1.3 million net subscribers, and swung to a $326 million Q3 loss on falling revenue.
On a positive note, Sprint said its customer service metrics were getting better, and that more than 9% of customers who sign long-term contracts upgraded their phones in Q3 — meaning they had to extend their contracts. Sprint also said its gross subscriber additions would “stabilise” in Q4. But the company still has a long way to go.
And a bit of actual good news: The FCC approved Sprint’s WiMax merger/spinoff with Clearwire (CLWR) this week, so Sprint execs have one less headache to worry about on their road back to profitability.
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