Nextel Q3 profits

Oct 22 - 11:48 AM ET | Nextel

Nextel today announced its third quarter profits:

  • Net income of $588 million, up 69%
  • Revenue of $2.89, up 18%
  • 550,000 net subscriber adds, 14.5 million total
  • Average revenue per customer, $69, down $2

Turnover (or churn) was a low 1.5%. Nextel recently launched its first camera phone, the Motorola i860.

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