Sprint Nextel pays off $1bn debt

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17 November 2009

Sprint, the third largest mobile operator, has paid $1 billion of its $4.5 billion debt, in order to reduce its expenses as it seeks to cut costs

Comment: The Sprint management team is having to take some tough decisions in order to restore the company’s position, though it is fighting to retain customers in the face of competition from AT&T and Verizon Wireless. It is putting much...

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