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A day after Sprint Nextel Corp. (NYSE: S) agreed to purchase 100% interest in prepaid wireless company Virgin Mobile, the third-largest wireless company in the U.S. reported that it lost almost a million valuable postpaid wireless customers in its most recent quarter.

Sprint, which has bled millions and millions of customers over the past two years, has managed to offset that blow in the past few quarters by signing up record customer numbers to its Boost Mobile prepaid unit, which shook the industry up at the start of the year with a $50 per month unlimited everything wireless plan.

Continue reading Sprint loses more customers; can it ever stop the bleeding?

Sprint loses more customers; can it ever stop the bleeding? originally appeared on BloggingStocks on Thu, 30 Jul 2009 14:10:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>inthenewsPalm PresprintSprint churnSprint customerssprint nextelSprint quartersprint-nextelThu, 30 Jul 2009 14:10:00 EST<![CDATA[Sprint (S) gets rating downgrade as customers flee in latest quarter]]>http://www.bloggingstocks.com/2009/02/26/sprint-s-gets-rating-downgrade-as-customers-flee-in-latest-qua/http://www.bloggingstocks.com/2009/02/26/sprint-s-gets-rating-downgrade-as-customers-flee-in-latest-qua/http://www.bloggingstocks.com/2009/02/26/sprint-s-gets-rating-downgrade-as-customers-flee-in-latest-qua/#commentsFiled under: ,

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

Sprint (S) gets rating downgrade as customers flee in latest quarter originally appeared on BloggingStocks on Thu, 26 Feb 2009 13:15:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Fitch ratingFitchRatinginthenewsSSprintSprint auqraterly resultsSprint ChurnSprint customersSprint NextelSprintAuqraterlyResultsSprintChurnSprintCustomersSprintNextelThu, 26 Feb 2009 13:15:00 EST