Sprint posts massive $1.6 billion Q2 loss

[Wireless News]

With SoftBank undoubtedly eager to get this first Sprint report since its acquisition out of the way, Sprint on Tuesday night posted its results for the second quarter. Sprint’s Q2 2013 wireless service revenue climbed 8% to a record-high.$7.2 billion and operating revenue totaled $8.87 billion, but that certainly wasn’t enough to distract attention from the $1.6 billion net loss it posted as the Nextel network was finally shuttered, a decline from the $1.4 billion net loss it reported in the same quarter last year. Sprint says it recaptured about 4 million Nextel subscribers as the service was discontinued. The carrier’s press release follows below. Sprint Reports Second Quarter 2013 Results Sprint platform wireless service revenue increased 8 percent year-over-year

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