Fred Business News-  Wireless carrier Sprint Nextel Corp. says it had a larger first-quarter loss as it continued to lose valuable monthly subscribers and had to pay for severance charges and other costs.

Overland Park, Kan.-based Sprint said Monday it lost $505 million, or 18 cents per share, in the three months ended March 31. That was larger than its loss of $211 million, or 7 cents per share, a year earlier.

Not including one-time charges, the company says it earned 4 cents per share.

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