Sprint posted a loss in the fourth quarter, but the wireless operator said it sold 1.8 million iPhones in the last three months of 2011. And 40% of those sales were to new customers. Overall,
Sprint added 1.6 million subscribers in the quarter, including 539,000 contract customers. It reported a loss of $1.3 billion, beating analyst estimates, but up from $929,000 a year ago. Revenue of
$8.7 billion was up 5% from a year earlier and n line with analyst estimates.
Sprint said it plans to begin rolling out its 4G LTE network by mid-year. Besides Houston, Dallas, San Antonio and
Atlanta, Kansas City and Baltimore will be among the initial six major cities to launch. Read more here.