After a row with affiliates over the Wimax deal, Sprint Nextel Corp., the U.S. mobile- phone company that lost more than a million customers last quarter, said it is planning on selling some of its assets after its net loss rose to $505 million along with ‘letting go’ of about 4,000 employees.
In the last quarter alone, Sprint lost 1.07 million customers, less than what was predicted, and stated that the fall in numbers will improve `marginally’ this quarter. “Sprint fell 14 cents to $9.24 at 4:15 p.m. in New York Stock Exchange composite trading”. After writing down a good amount of the purchase of Nextel, Sprint’s loss was $29.2 billion in the fourth quarter. The yield fell to 8.56 percent.
Nextel’s customer turnover or churn, hit 2.45 percent from 2.3 percent a year ago and were paying about 6 percent less on their monthly bills from last year. The current average that a Sprint/Nextel customer is paying as of now is $56 a month.
Do I even consider re-signing with Sprint when my contract ends in July? Feels like I’d be renewing Montreal Expos season tickets.
Starting to wonder if this company will exist a year from now.
You never know. AT&T and Verizon have great phones with really good service. Something that, in my opinion, Sprint lacks currently. I guess we’ll see what happens…
Of course you re-sign with Sprint. The customer service problems have improved, they are on a fast network and soon to be faster (Wimax), and are about to have the best handsets (Instict).
Hopefully, I dont want a major competitor for AT&T and Verizon to go ‘away’ ! Let’s see.
Yeah I would agree wit Mark, after all,
Sprint has already invested in more handsets like the Blackberry Bold aka The 9000 & other models as well. Besides, it would be a shame to see all of that money invested thrown down the drain for nothing.
They wont go away, sprint has 50 million customers.
What will happen worse case is another carrier will buy sprint and we will be grandfathered in. just like nextel/sprint
i personally dont think it would be the end of the world if t-mobile bought us.
Sprint has awesome network. very fast. and the sero plans rock.
No other carrier comes close.
and i hate att and verizon