By The Associated Press
From The Associated Press
NEW YORK —
Sprint Nextel says it gained subscribers in its latest quarter, the first such gain in three years, as it continued to improve customer service and retention.
But it continued to lose the most lucrative customers, those who sign two-year contracts, and says it had a wider net loss for its second quarter.
Sprint Nextel Corp. on Wednesday said it gained a net 111,000 subscribers in the April to June period, compared to a loss of 257,000 in the same quarter last year.
Its quarterly loss amounted to $760 million, or 25 cents per share. That compares with a loss of $385 million, or 13 cents per share, a year earlier.
The Overland Park, Kan., wireless carrier’s revenue slipped 1 percent to $8.03 billion.
