Sprint Nextel, which is seeking to sell 70 percent of its shares to Japan's SoftBank, posted higher fourth-quarter revenue even as it lost subscribers due to the wind-down of its older Nextel network.
Sprint, the No. 3 U.S. mobile service provider, said on Thursday it had a net loss of 243,000 subscribers in the quarter, compared with the average expectation for a loss of 292,000 from five analysts contacted by Reuters.
It added 401,000 customers to the Sprint network, including 333,000 customers that moved from Nextel.