[telecom] Sprint Nextel Reports Second Quarter 2012 Results and Updates Full Year Forecast

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Sprint Nextel Reports Second Quarter 2012 Results and Updates Full Year Forecast

Best ever Sprint platform postpaid ARPU of $63.38 drives Sprint platform wireless service revenue growth of 16 percent year-over-year

Best ever Sprint platform postpaid churn of 1.69 percent

Continued strong iPhone sales of nearly 1.5 million - 40 percent to new postpaid customers

Network Vision deployment continues on track

Launched 4G LTE in five major markets and 15 cities on July 15

Continue to expect 12,000 sites on air by the end of 2012

Shutdown of 9,600 Nextel sites now complete

Operating loss of $629 million; Adjusted OIBDA* of $1.45 billion increases 10 percent year-over-year and includes Network Vision and iPhone dilution

Year-over-year increase in Adjusted OIBDA* is the highest in more than five years

Sequential quarterly increase in Adjusted OIBDA* of 20 percent

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