Sprint posts net loss of $1.3 billion, adds 1.6M subscribers in Q4

Despite a net loss of $1.3 billion during the fourth quarter of 2011, Sprint's latest earnings report was more positive than negative. The carrier added 1.6 million subscribers during the final months of the year, a good portion of which can be attributed to sales of the iPhone, which hit Sprint's network back in October. The number of new customers was the largest quarterly gain since 2005 and brings Sprint's subscriber base up to 55 million (33 million postpaid). The company also posted its first year of positive adjusted operating income with an OIBDA $842 million for the quarter and $5.1 billion for 2011.

Android Phone, Sprint posts net loss of $1.3 billion, adds 1.6M subscribers in Q4