Sprint Nextel's fourth quarter highlighted a company that has rebounded nicely, with almost 1.1 million net subscriber additions, including prepaid and postpaid customers. However, Sprint could have to pony up some cash to support Clearwire, the partner that runs the carrier's WiMax network.
First, the highlights. Sprint added 58,000 postpaid subscribers, 519,000 net subscribers to its brand and prepaid subscribers of 646,000 to the Virgin Mobile, Assurance Wireless, and Boost Mobile brands. Overall, Sprint added almost 1.1 million wireless subscribers--the most additions since the first and second quarters of 2006.
Postpaid churn also … Read more