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Sprint Nextel Corp. (NYSE: S) has taken the next step to delete more costs from its bottom line by sending the management of its nationwide wireless network to Sweden's Ericsson. The deal -- valued at up to $5 billion -- will allow Sprint to offset its declining subscriber revenue and numbers with lowered costs.

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Sprint outsources entire network to Ericsson originally appeared on BloggingStocks on Mon, 13 Jul 2009 17:00:00 EST. Please see our terms for use of feeds.

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