Sprint Nextel just cant stop the bleeding. It reported revenues of US$8.8 billion and a loss of US$326 million for the 3rd quarter of this year. This compared with a profit of US$64 million a year ago. If you exclude on-off items, the company says it would have broken even for the quarter. For the quarter, total wireless customers declined by a net 1.3 million including losses of 1.1 million post-paid customers and 329,000 prepaid users, which was slightly offset by a 130,000 increase in the number of wholesale and affiliate subscribers. At the end of the third quarter, the company served 37.8 million post-paid subscribers, 3.9  million prepaid subscribers and 8.8 million wholesale and affiliate subscribers. However, analysts are expecting that the churn rate will be consistent with the third quarter. Really??

 

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