Embattled carrier will cut 4K jobs, close outlets, sell assets
(NEWSER) - Sprint Nextel continued to hemorrhage customers in the first quarter, losing more than 1 million subscribers and tallying losses of $505 million, more than double its losses in the same period last year, reports Bloomberg. Sales slipped nearly 8% to $9.33 billion. The carrier, rumored to be a takeover target of Deutsche Telekom, said it would likely sell assets. More»
