By Jason Gertzen and David Hayes | Kansas City Star

KANSAS CITY — Sprint Nextel lost 1 million subscribers and $505 million during the first quarter as sales declined 9 percent, the company reported today..

Sprint, which is based in Overland Park, Kan., outside Kansas City, said it “continues to assess its business model” and is considering selling off “non core assets.”

The company’s loss of 18 cents per share widened from a loss of 7 cents a share, or $211 million, in the same period a year ago.

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