Posts Tagged ‘Sprint’

The only positive thing I ever hear about Sprint is that they have reasonable data services.  I’ll stick with Verizon, thanks.

In a move similar to what Dell is currently offering its employees, Sprint is also giving employees the option to voluntarily leave the company. While Sprint hasn’t announced anything officially, layoffs have certainly followed voluntary separations in the past. So far, this program is only affecting the Sales and Distribution channel and is not a company-wide offering. Whether it remains isolated in that division or spreads throughout the company is yet to be determined.  (BoyGenius)

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)