Written by admin
Tuesday, May 13th, 2008
Things don’t look good for Sprint. Losing customers like crazy and no market momentum. Maybe they should consider becoming a data-only service?
Sprint Nextel Corp., the U.S. mobile- phone company that lost more than a million customers last quarter, said it may sell some assets after its net loss swelled to $505 million.
The first-quarter net loss expanded to 18 cents a share, from $211 million, or 7 cents, a year ago, Overland Park, Kansas- based Sprint said today in a statement. The company said it’s considering shedding some assets, as well as renegotiating credit terms, to meet obligations to lenders. (Bloomberg)
