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Friday, July 30, 2010

Wall Street Journal
Sprint Nextel added 111,000 net users in the second quarter, its first increase in mobile customers in three years. The increase came in large part from demand for HTC’s Evo 4G phone as well as its focus on prepaid customers at the low end of the market. Sprint Nextel’s second-quarter loss widened to USD760 million, or 25 cents per share, from USD384 million, or 13 cents per share, a year earlier, but the latest quarter included a non-cash charge of USD302 million or 10 cents per share for deferred tax assets. Revenue dropped slightly, to USD8.03 billion from USD8.14 billion a year earlier. Spring is betting that its 4G network will give it a leg up over rivals Verizon and AT&T. However, it hasn't been able to supply enough Evo 4G phones to capitalize on its head start, and Sprint executives are frustrated with the pace of its 4G partner Clearwire's network expansion, writes WSJ.

Demand for higher-priced phones helped Carphone Warehouse boost sales at its European stores by 3.7 percent. The UK’s largest mobile phone retailer also benefited from its profit-sharing agreement with Best Buy Mobile in the US, where connections rose by 30 percent, writes FT. (Financial Times)

MUSIC VIDEO NETWORK PREPARES TO GO MOBILEThe one-year-old online music network Vevo – owned by Sony Music Entertainment, Universal Music Group and Abu Dhabi Media – is going mobile. This summer it will launch a free iPhone app. Vevo’s roughly 25,000 music videos will also become available in Blackberry devices and Android handsets, bringing the music industry's largest experiment in the ad-supported online video business to the mobile media arena, writes WSJ. 

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