Friday, January 18, 2008

Sprint shares tumble after subscriber losses posted

The third largest U.S. mobile phone service has been losing ground to bigger rivals such as AT&T and Verizon Wireless amid network and customer service problems. On Friday, the company said it lost 683,000 post-paid subscribers in the fourth quarter, far more than analysts' forecasts for a loss of 350,000 to 500,000 subscribers.

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