Sprint expected to undercut rivals' call plans
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No. 3 U.S. mobile service provider  Sprint Nextel Corp  is expected to offer flat-rate calling  plans at up to a 40 percent discount to its rivals, hurtling  the industry into a price war, analysts said on Wednesday.
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OVERLAND PARK, Kan. Sprint plans to cut 700 jobs in its business solutions division. It will also take a charge against earnings in its third quarter to reflect a decline in value of its long-distance assets.
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Sprint Nextel Corp  reported  deeper than expected subscriber losses on Friday and said it  would cut about 4,000 jobs, sending its shares down 26 percent  and raising fears that an economic slowdown would take a  greater toll on the wireless industry .
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Sprint Nextel is taking a different path to high-speed wireless than its rivals: Instead of bidding billions of dollars on airwaves in a federal auction, Sprint is building a network that uses WiMax technology, a move that has attracted plenty of criticism.
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Sprint and Nextel Communications could unveil their $36 billion merger within a few days, but speculation has intensified about the emergence of a rival bid.
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* Sprint&#39;s strong wireless Internet service and Nextel&#39;s walkie- talkie feature popular among mobile professionals would be a competitive combination.
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Wall Street was abuzz Friday over a potential merger between Sprint and Nextel, though the companies declined to comment on a slew of news reports that they are negotiating to combine to create a celluar provider that would almost rival Cingular Wireless and Verizon Wireless in size.
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A possible merger of Nextel Communications, the fifth-ranked wireless carrier in the US, and Sprint, the third-largest, may be winning strategy, given the ferocious competition in the telecommunications industry.
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Sprint Nextel Corp  reported deeper than expected subscriber losses on Friday and said it would cut about 4,000 jobs, sending its shares down 26 percent and raising fears that an economic slowdown would take a greater toll on the wireless industry .
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The proposed $35 billion merger of Sprint Corp. and Nextel Communications Inc. would have little immediate effect on current customers of either company.
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If Sprint Corp. does hook up with Nextel Communications Inc. -- or, as some observers suggest, Verizon Wireless -- the merger partners will face a multibillion dollar-strategic dilemma.
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OVERLAND PARK, Kan.  - For Sprint, "winning" is a relative term. After a string of dismal quarters, Wall Street would be happy if CEO Dan Hesse could just stop Sprint's bleeding. But Hesse is preparing for war against his telecom rivals, with an arsenal packed with "nukes" - Hesse-speak for anything that has the potential to disrupt the status quo in wireless. One possibility under consideration: flat-rate pricing for unlimited voice calls.
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Sprint Corp. and Nextel Communications Inc. may soon be expected to join their efforts in the mobile phone industry merging to create a company with 33 million customers and joined market value of about $35 billion.
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Merger challenges and dropped calls for consumers are taking a toll as Sprint aims to expand and upgrade.
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DECEMBER 20, 2004  - Last week&#39;s merger deal between Sprint Corp. and Nextel Communications Inc. continues a consolidation trend among wireless carriers that could help lower prices and bolster
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Sprint Nextel , the No. 3 U.S. mobile service, said on Friday it would cut about 4,000 jobs within the company, close 125 stores and reduce its use of outsourced services to improve its financial performance.
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Sprint Nextel Corp  reported  deeper than expected subscriber losses on Friday and said it  would cut about 4,000 jobs, raising fears of a slowdown in the  U.S. wireless industry, and its stock dropped nearly 25  percent.