Sprint loses $1.6B but investors see ...

Sprint loses $1.6B but investors see rays of hope

There are 1 comment on the Monterey County Herald story from Feb 19, 2009, titled Sprint loses $1.6B but investors see rays of hope. In it, Monterey County Herald reports that:

Sprint Nextel Corp., the nation's third-largest wireless carrier, said Thursday it continued to lose customers and money in the fourth quarter and wrote down the remaining value of Sprint's 2005 purchase of Nextel Communications Inc.

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Since: Feb 09

New York

#1 Mar 18, 2009
I think Sprint has passes it's sell-by date, contract phones are more expensive than prepaid and people are starting to wake up to the fact that they don't have to pay a array of hidden charges. When I canceled my cell phone and went to Tracfone it was the best thing I ever did, I'm now saving about $35 every month because I'm no longer paying those hidden charges and Tracfone has cheaper minutes. I was paying 20 cents to send a text message, now I'm only paying 5 cents with Tracfone. I was able to keep my number and I get great coverage; Tracfone doesn't charge for roaming and long distance and international calls are the same prince as a local call. More and more people are canceling their contracts in favor of prepaid and that is why sprint is showing such high losses.

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