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Sprint (S) gets rating downgrade as customers flee in latest quarter

Sprint Nextel Corp. (NYSE: S) recently posted another dismal quarter as the third-largest wireless carrier in the U.S. lost over a million customers while finally writing off the last $1.6 billion from the disastrous Nextel merger of 2005. The company continues to have slick marketing, a first-class nationwide wireless network and improved customer service. None of these mean a thing if it can't retain customers and recruit new ones from the competition.

Continue reading Sprint (S) gets rating downgrade as customers flee in latest quarter

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Last updated: November 27, 2009: 06:26 AM

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