Sprint Nextel said that its revenues declined 2% year-on-year in the first quarter of 2010 to 8.1 billion US dollars, thanks to "lower contributions from post-paid wireless service revenues and wireline revenues partially offset by increases from fourth quarter acquisitions, prepaid Boost Mobile service revenues and total equipment revenues." Sprint didn't say how far its revenue would have fallen without the acqusitions.
Sprint said its capex in the quarter was 419 million US dollars, compared to 291 million dollars in the first quarter of 2009, as it upped spending on its wireless networks. Sprint said it launched its 4G (WiMax) service in Houston in the first quarter of 2010 and Sprint 4G is now available in 28 markets covering nearly 40 million people. source: Sprint statement
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