Sprint Still Bleeding Customers
Though Boost, Kindle additions help...
Sprint Nextel unveiled their first quarter earnings
this morning, which indicate the carrier is still struggling with the massive customer defections that have plagued the carrier since their troubled acquisition of Nextel. According to Sprint, the company lost 182,000 net subscribers, thanks to additions from Boost Mobile and their partnership with Amazon for the Amazon Kindle. That said, the company still lost 1.25 million "postpaid" customers to competitors like AT&T and Verizon, suggesting that the company's customer service issues aren't yet behind them. Sprint posted a net loss of $594 million, up from $505 million a year ago, while revenue fell 12% to $8.21 billion.