Updated 8:57 a.m. PDT with information from the conference call.
Despite improvements in its network reliability and customer service, Sprint Nextel is still losing high-value customers as the company reported a wider-than-expected loss for the second quarter of 2009.
The company reported a loss of $384 million, or 13 cents a share, compared with a loss of $344 million, or 12 cents a share, during the same quarter a year ago.
Revenue also fell about 10 percent to $8.14 billion. Analysts had expected a loss of 2 cents a share on revenue of $8.13 billion, according … Read more