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Top message:  How many Nextel subs are left? by Cellenator   Nov 10, 2008, 6:10 PM

Replying to:  Re: How many Nextel subs are left? by cellphonesaretools   Dec 8, 2008, 6:12 PM

Re: How many Nextel subs are left?

by cellphonesaretools    Dec 10, 2008, 8:44 AM

Coincidentally, yesterday (Dec. 9) there was a news item regarding the budget crunch at Sprint-Nextel. In a nutshell, there will be no network inprovements for at least two years:

SOURCE: Reuters (http://www.reuters.com/article/marketsNews/i dUSN0927303020081209 )

Sprint Nextel Chief Financial Officer Bob Brust said on Tuesday "...cutting costs and preserving cash would be Sprint's priority." Brust suggested that the company's capital spending should be low for the next two years as preserving the company's liquidity would come before everything else including spending on expanding the company's network. "I will not let anything get in the way of the liquidity of this company in the next two years," he said.

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