Sprint Nextel Corp. (NYSE: S) S (Sprint Nextel) previously reported wireless service revenues of nearly 7.3 billion during the quarter, an increase of nearly 6 percent year-over-year. Wireless service revenues for the Sprint platform grew 14 percent year-over-year driven by postpaid ARPU growth of 3.01 and continued subscriber growth. The company reported a net loss of 767 million and a diluted net loss of .26 per share for the third quarter of 2012 as compared to a net loss of 301 million and a diluted net loss of .10 per share in the third quarter of 2011. Sprints third quarter 2012 results include accelerated depreciation of 397 million, or negative .13 per share (pre-tax), primarily related to Network Vision, including the expected shutdown of the Nextel platform. S (Sprint Nextel) recently reported that Tokyo-based SoftBank Corp. is to acquire 70 percent of the Overland Park-based wireless company in a series of transactions valued at 20.1 billion. In a previous announcement, S (Sprint Nextel) stated it would receive 8 billion of new capital from SoftBank, 3.1 billion soon, in a deal that creates a new company under the Sprint name. Sprint Nextel Corp.
(NYSE: S ) offers a comprehensive range of wireless and wireline communications services bringing the freedom of mobility to consumers, businesses and government users. Sprint Nextel served nearly 56 million customers at the end of the third quarter of 2012 and is widely recognized for developing, engineering and deploying innovative technologies, including the first wireless 4G service from a national carrier in the United States; offering industry-leading mobile data services, leading prepaid brands including Virgin Mobile USA, Boost Mobile, and Assurance Wireless; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. The American Customer Satisfaction Index rated Sprint No. 1 among all national carriers in customer satisfaction and most improved, across all 47 industries, during the last four years. Newsweek ranked Sprint No. 3 in its 2012 Green Rankings, listing it as one of the nations greenest companies, the highest of any telecommunications company. You can learn more and visit Sprint at www.sprint.com. In my opinion this is a stock to watch! (Read Full Disclaimer at http://crwepicks.com/disclaimer)