Sprint Nextel – News Stories About Sprint Nextel - Page 2

Jan 21, 2008 3:01 AM CST

Analog Service Hanging Up on Customers

Digital networks soon only option, but service has its kinks

(Newser) - Phone customers still dialing up using old analog networks will be out of luck—and service—beginning Feb. 18 when the nation’s wireless companies shut down the outdated technology and switch to digital. Of the quarter-billion American cell phone users, the vast majority use digital networks, but some 1...

Sprint to Cut 4,000 Jobs, Close Stores

Jan 18, 2008 1:35 PM CST

Sprint to Cut 4,000 Jobs, Close Stores

Heavy subscriber losses move new CEO to trim costs

(Newser) - Sprint Nextel announced a new round of job cuts and store closings today, the Kansas City Star reports. As it falls further behind in the wireless industry, the company will slash 4,000 jobs and 1,600 contractor positions. It also will shut 125 stores—8% of its total—and...

Sprint CEO Plans to Slash More Jobs

Jan 15, 2008 3:45 AM CST

Sprint CEO Plans to Slash More Jobs

'A few thousand' layoffs likely as company tightens belt

(Newser) - Daniel Hesse, the new CEO of Sprint Nextel Corp., plans another round of extensive job cuts, likely in the range of a few thousand, the Wall Street Journal reports. The layoffs come during a protracted period of poor performance for Sprint, the nation’s third largest cellular carrier, which analysts...

Sprint Eyes Spinning Off WiMAX Service

Dec 4, 2007 2:43 PM CST

Sprint Eyes Spinning Off WiMAX Service

Company considers split; investors to share cost of network

(Newser) - Weeks after a planned partnership to build and operate a next-generation WiMAX network with Clearwire fell through, Sprint Nextel is looking for investors and is considering a spinoff of its nascent high-speed wireless operation, reports Reuters. Acting CEO Paul Saleh yesterday said the company was considering options for a WiMAX...

Struggling Sprint
Rejects $5B Offer

Nov 30, 2007 4:57 AM CST

Struggling Sprint Rejects $5B Offer

Former CEO's Nextel legacy remains divisive

(Newser) - A bid by SK Telecom and Providence Equity to invest $5B in Sprint Nextel and install former Sprint chairman Tim Donahue as the company CEO has met with swift rejection from the Sprint board. The move comes as Sprint, which has seen its stock plumet 36% since June, searches for...

Sprint Nextel:
A House Divided

Nov 25, 2007 1:27 PM CST

Sprint Nextel: A House Divided

Two years into merger, partners remain wary of each other

(Newser) - The $35 billion merger of long-distance carrier Sprint and wireless innovator Nextel sought to create a company capable of competing with the nation’s largest wireless carriers, Verizon and AT&T. Instead, distinct cultures have warred over everything from ad strategies to executive teams, leaving the company with poor morale,...

Big Brother May Be Tracking Your Cell Phone

Nov 23, 2007 6:04 AM CST

Big Brother May Be Tracking Your Cell Phone

Judges are turning over tracking data from phones without probable cause

(Newser) - Federal investigators pursuing drug traffickers, fugitives and other criminal suspects often get court orders to obtain tracking data from cell phones, and they're frequently granted the orders without showing probable cause. That worries privacy advocates, especially in light of the fact that new cell phone services are providing an unprecedented...

Sprint, Clearwire Network Deal Shelved

Nov 9, 2007 8:10 AM CST

Sprint, Clearwire Network Deal Shelved

Collapsed deal heavy blow to Clearwire

(Newser) - An ambitious agreement between Sprint Nextel and Clearwire to built a nationwide WiMax wireless network, reaching 100 million people by late next year, is on the rocks, insiders tell the Wall Street Journal. The transaction apparently collapsed under the weight of its complexities, aggravated by Clearwire's larger-than-expected third-quarter losses and...

Sprint Profits Dive 77%
As Subscribers Defect

Nov 1, 2007 12:00 PM CDT

Sprint Profits Dive 77% As Subscribers Defect

Network loses most customers since Nextel merger

(Newser) - Sprint Nextel subscribers jumped ship this quarter, taking the stumbling wireless giant’s profits with them. Profit fell 77% this quarter, Bloomberg reports, as 337,000 contract customers departed, the biggest exodus since the Nextel merger. The company said it would miss its 10% growth goal next year. “Their...

Sprint Joins Verizon in Google Phone Talks

Oct 31, 2007 12:48 PM CDT

Sprint Joins Verizon in Google Phone Talks

Long-rumored gPhone may be unveiled shortly

(Newser) - Following up on earlier reports that Google was in intense talks with Verizon about building a phone based on Google software, the Wall Street Journal reports that Sprint Nextel is also talking to the search giant. Google is expected to reveal its gPhone in the next two weeks, and a...

Interim Sprint Chief Aims to Refocus Brand

Oct 19, 2007 2:05 PM CDT

Interim Sprint Chief Aims to Refocus Brand

Beleaguered No. 3 must 'do fewer things very well' to stem declines

(Newser) - Last week's abrupt departure of Sprint's CEO capped the third-place company's struggles with its 2005 acquisition of Nextel, declining share price, and massive customer losses. Interim chief Paul Saleh tells the Washington Post he has a plan to get back to basics that he says will include rallying his workforce...

Sprint Nextel CEO Resigns

Oct 9, 2007 3:45 AM CDT

Sprint Nextel CEO Resigns

Wireless carrier begins search for successor as customer base dwindles

(Newser) - Sprint Nextel Corp. chief Gary Forsee has stepped down after the wireless giant warned investors that the company is struggling to maintain its high-value client base and would not meet its previous financial goals, the Wall Street Journal reports. The exec is credited with Sprint’s 2005 acquisition of Nextel...

Sprint CEO
Gets the Sack

Oct 5, 2007 12:37 PM CDT

Sprint CEO Gets the Sack

Floundering wireless carrier to find replacement by December

(Newser) - Sprint CEO Gary Forsee is getting canned, the Wall Street Journal reports, as America’s number three carrier struggles to find an identity. Earlier this week activist investor Ralph Whitworth called for Forsee’s head, but it had been on the chopping block since August, Journal sources say. Sprint's net...

Activist Investor
Amps Up for
Sprint Fight

Oct 4, 2007 10:40 AM CDT

Activist Investor Amps Up for Sprint Fight

CEO slayer wants change at carrier

(Newser) - Ralph Whitworth isn’t happy with Sprint’s priorities or its management, and he’s one shareholder the wireless carrier can’t just laugh off. The principal of Relational Investors has parlayed small shares in Home Depot and Sovereign into the sacking of those corporations’ CEOs; now he says he’...

Google Phone Rumors Build

Sep 29, 2007 7:12 PM CDT

Google Phone Rumors Build

Consumers would trade free minutes for targeted advertising

(Newser) - Consumers may soon be able to trade free phone calls for targeted advertising, if Google gets its way. Industry experts speculate that the tech giant is quietly developing plans to market cell phones with an ad-based service in exchange for free minutes, BusinessWeek reports. The big wireless carriers, while privately...

Markets Wrap Up Banner Week

Sep 21, 2007 3:37 PM CDT

Markets Wrap Up Banner Week

Best week in 6 months

(Newser) - Stocks climbed again today, closing out the biggest weekly gain since March. The Dow rose 53.49 to 13,820.19, the Nasdaq climbed 16.93 to 2,671.22, and the S&P 500 closed at 1,525.75, up 7.00. The Dow and S&P rose 2....