Thursday, November 01, 2007
Sprint Nextel Corp. said Thursday that net income fell by 28 percent in the third quarter as the nation’s No. 3 wireless carrier struggled to sign new subscribers.
Sprint reported a net decline of 60,000 wireless subscribers. The company signed more customers up for Sprint-branded service, a limited service offering unlimited calls and wholesale ventures, but experienced declines with Nextel-branded service and the company’s pre-paid service sold under the Boost Mobile brand.