Sprint to sell off assets due to subscriber defections?

Filed under: Cellphones, Wireless

Things aren’t going so hot down Sprint way right now — although the carrier recently entered into that landmark $12B WiMAX deal with Clearwire and several other companies, it lost over a million wireless subscribers last quarter and posted a net loss of $211M. That’s enough for CEO Dan Hesse to smack the emergency button: he’s laying off 4,000 workers, closing Sprint stores, and cutting rates in an efforts to gain back customers and get back into the black. On top of all that, word on the street is that Sprint may also start selling off other assets, including lame-duck Nextel, even though that would involve “significant complexities,” according to Hesse. Still, just the fact that he’s thinking about it seems like a sign — too bad no one asked him about those Deutsche Telekom buyout rumors.

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This entry was posted on Tuesday, May 13th, 2008 at 11:25 am and is filed under BLOGROLL, MEDIA. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.