Sprint Nextel delivered its Q4 and full year 2011 financial results on Wednesday. The third-largest wireless carrier reported an adjusted OIBDA of $842 million for the fourth quarter and nearly $5.1 billion for the full year 2011. The company’s stock price fell after it posted an overall fourth-quarter loss. In 2011, Sprint added the iPhone to its roster. Subsidizing the popular Apple phone left the provider with a hefty bill. The net loss for the quarter expanded to $1.3 billion from $929 million a year earlier. This is the company’s largest loss in three years.
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Sprint Groans Under iPhone Subsidy Weight
Posted by: Rob Spiegel February 8, 2012 12:48 PMSprint Nextel delivered its Q4 and full year 2011 financial results on Wednesday. The third-largest wireless carrier reported an adjusted OIBDA of $842 million for the fourth quarter and nearly $5.1 billion for the full year 2011. The company’s stock price fell after it posted an overall fourth-quarter loss. In 2011, Sprint added the iPhone to its roster. Subsidizing the popular Apple phone left the provider with a hefty bill. The net loss for the quarter expanded to $1.3 billion from $929 million a year earlier. This is the company’s largest loss in three years.