Sprint Nextel's Bad Connection

February 2008
Red Herring;2/28/2008, p6
Trade Publication
The article reports on the financial performance of Sprint Nextel in the U.S. in the first quarter of 2009. The number 3 U.S. mobile service posted a $29.45 billion loss in the said quarter due to a huge impairment charge. Sprint, which has been losing ground to rivals amid network and customer service problems, forecast that it would lose 1.2 million customers who pay monthly bills in the first quarter.


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