Sprint Nextel Rings Up Strong Profits

The wireless services provider lost high-margin subscribers, but net income jumped nearly 33%

Sprint Nextel (S) said Feb. 28 that it lost high-margin subscribers, but profited more during the three month period ended Dec. 31. The Reston (Va.) wireless services provider continues to struggle with integrating its business with Nextel Partners while facing cut throat competition.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.