Sprint Nextel
sprint
Fortune 500 rank: 87
2012 loss ($ millions): -4,326

Despite higher revenues, the country's third largest wireless carrier (behind Verizon and AT&T) suffered a $4.33 billion net loss in fiscal 2012. Much of the loss was attributed to its shutdown of the Nextel network, coupled with a $45 million loss due to damages from Hurricane Sandy in the New York metro area. While the company added a total of $1.5 million postpaid subscribers in the year, it lost little over a million customers in the Nextel shutdown, after failing to convince them to switch over to its own network.


- Last updated May 08 2013 10:48 AM ET
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