Marathon of Woes at Sprint

Gibbons, Kent
March 2008
Multichannel News;3/3/2008, Vol. 29 Issue 9, p28
The article reports on the performance of wireless telecommunication company Sprint Nextel Corp. in the U.S. in the fourth quarter of 2007. In the said quarter, the company loss about 108,000 subscribers. As a result, Sprint experienced a shocking financial net loss of $29.5 billion. Dan Hesse, chief executive officer (CEO) of Sprint, beleives that the company will be facing a rough financial turnaround in 2008.


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