[Reuters] Sprint posts steep subscriber losses

Posted by: UGN Security

[Reuters] Sprint posts steep subscriber losses - 01/18/08 01:32 PM

NEW YORK (Reuters) - Sprint Nextel Corp reported deeper than expected subscriber losses on Friday and said it would cut about 4,000 jobs, sending its shares down 26 percent and raising fears that an economic slowdown would take a greater toll on the wireless industry .



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