Sprint 3rd on list of possible bankruptcy's this year
Sprint Nextel is bleeding customers, and could lose as many as 4.4 million net post-paid subscribers this year.
This is a huge problem when you have large amounts of maturing debt over the next few years.
A recent Deutsche Telekom acquisition rumor offered some hope, but that appears to have faded. Facing a difficult road ahead on its own, the company better keep its lawyers on speed-dial.
That being said, Sprint needs to stop bleeding customers and start to add them again. Creative rate plans may start to turn the tide...finally.
......UGGH, I heard this last year and the year before. So Sprint has 3 months to claim bankruptcy?
Nope, it does mean they are "veering" towards bankruptcy like the article says. That doesn't mean they will or won't by the way.
Some deaths are quick and painless an others are slow, drawn out and agonizing
True. Execution was lacking there.