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2. Sprint Nextel
Global 500 rank: 176
2007 loss ($ millions): $29,580
Ticker: S

The No. 3 wireless carrier in the United States lost more than one million subscribers last year, but the red ink - $29.6 billion of it - is mainly due to a titanic writedown of the value of Nextel, the company Sprint merged with in 2005.

CEO Gary Forsee stepped down in October. His successor, Dan Hesse, counts on Sprint Nextel losing more subscribers in 2008.

NEXT: KFW Bankengruppe
Last updated July 09 2008: 8:26 AM ET
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