Sprint adds 1.6 million subscribers in Q4 2011, posts a $1.3 billion net loss

Sprint this morning announced its Q4 2011 earnings, which, basically, were all about the iPhone and the revamping of its entire network. It added 1.6 million net subscribers in the fourth quarter -- the best three-month result in six years, Sprint says, with the bulk of that being from wholesale and affiliate outlets.

Despite that, Sprint still posted a $1.3 billion loss for the quarter, due to a variety of factors that outweigh the addition of new subscribers, record average revenue per user -- and the sale of some 1.8 million iPhones. Major changes to Sprint's network is costing a lot of money, and the company continues to cut costs on the operationsi side.

Source: Sprint