Ferchi

- July 26: Sprint Nextel Corp. reports it was successful in persuading smartphone subscribers to pay up for "unlimited data" service, and its service revenue zoomed, beating estimates. Sprint activated 1.5 million iPhones in the quarter, the same number as in the first quarter. By contrast, AT&T and Verizon saw a drop in iPhone activations as the excitement around the latest model, the iPhone 4S, cooled. Sprint is the only one of the four national wireless carriers that still offers unlimited data service, though it offers relatively slow data speeds.