Sprint's Slow Jog to Recovery

[ECTNews]

 Sprint delivered third quarter earnings with a relatively nice surprise -- its losses were less than expected. Any good feeling from its numbers, however, was short-lived as Sprint went on to remind shareholders that it would be seeking capital -- as much as $7 billion -- to fund new handsets and a network upgrade. The net loss for the quarter was $301 million, down from $911 million a year ago. The loss is the lowest Sprint has posted in four years. Sprint also posted a strong 1.3 million net new wireless subscribers -- and this without the lure of Apple's iPhone.

e-Commerce Times