Archive: Sprint

Morning Brief: Sprint Nextel Cuts Herndon Jobs

Troubles continue to mount at Sprint Nextel. The telecommunications giant said Thursday it will lay off 160 employees from its Herndon operations. The announcement comes amid questions about the success of the company's high-speed Internet technology venture with Clearwire. The layoffs will come from staff at Sprint's building that...

By Alejandro Lazo | January 9, 2009; 09:06 AM ET | Comments (0)

Sprint's $30.7 Billion Hangover

By David Twiddy Associated Press Sprint Nextel Corp., the nation's third-largest wireless provider, said Thursday it will have to write off a significant chunk of the remaining value of its 2005 purchase of Reston's Nextel Communications Inc. and several affiliates, reflecting the continued struggles of its wireless operations. In...

By Dan Beyers | January 31, 2008; 03:45 PM ET | Comments (0)

More Job Cuts, Retrenchment At Sprint

Sprint Nextel said today plans to cut 4,000 more jobs, close 125 stores and eliminate thousands of third-party distribution points as it copes with "continued downward pressure" on its subscriber numbers, revenues, and profitability. Shares of the nation's third-largest wireless carrier, which has struggled since its merger with Nextel...

By Dan Beyers | January 18, 2008; 01:51 PM ET | Comments (5)

More Job Cuts At Sprint?

The WSJ has a story (subscription required) suggesting that "a few thousand" more jobs may be cut at Sprint as newly installed chief executive Dan Hesse "seeks to show investors a new commitment to efficiency and cost discipline." The company has already chopped 5,000 jobs from the payroll. And rumors...

By Dan Beyers | January 15, 2008; 07:30 AM ET | Comments (0)

Sprint And Clearwire Call It Quits

Sprint Nextel and Clearwire said yesterday they were calling off their joint plan to build a national high-speed wireless network using WiMax technology, dealing another blow to Sprint as it struggles to regain its footing. Sprint has pitched WiMax as core to its strategy, promoting it as a way to...

By Dan Beyers | November 9, 2007; 08:05 AM ET | Comments (0)

Profits Decline Sharply At Sprint

Profts fell sharply at Sprint Nextel Corp. in the third quarter as the Reston company reported a decline in the number of wireless customers. The company reported net income of $64 million (2 cents per share) down 77 percent percent from $279 (9 cents) for the same period in 2006....

By Dan Beyers | November 1, 2007; 07:13 AM ET | Comments (2)

Will Northern Virginia Lose Sprint Headquarters?

One of Sprint CEO Gary Forsee's final requests prior to his departure was apparently to urge the company to move headquarters back to Kansas, according to this story in the WSJ (subscription required). If that were to come to pass, it would follow AOL's plans to move headquarters to New...

By Dan Beyers | October 9, 2007; 06:49 AM ET | Comments (0)

Sprint's CEO Steps Down

Associated Press Sprint Nextel Corp., the nation's third-largest wireless provider, said Monday Gary Forsee, its chairman, president and chief executive, is stepping down, effective immediately. The company also said it expects operating revenue for 2007 to come slightly below its prior targeted range. [Here's a link to the press release.]...

By Dan Beyers | October 8, 2007; 05:07 PM ET | Comments (0)

Cox Cable Adds Wireless Phone Service

Starting today, Cox cable customers in Northern Virginia can get wireless telephone servicefrom the company. Cox Communications launched a new wireless service through a partnership with Sprint Nextel in Fairfax County and Fredericksburg. The service, called Pivot, is part of Cox's "quad-play" communications package that also offers cable, phone and...

By Dan Beyers | October 2, 2007; 01:17 PM ET | Comments (0)

Sprint Nextel CEO Discusses Post-Merger Transition

From the Associated Press More than two years after the acquisition that formed Sprint Nextel, the nation's third-largest wireless provider is about 80 percent done weaving the two sides together, the company's chief executive said today. In a meeting with analysts in New York, Gary Forsee also said the company...

By Mike Shepard | September 19, 2007; 02:51 PM ET | Comments (0)

Sprint's Profits Shrink In Second Quarter

Sprint Nextel reported profits of $19 million (1 cent per share) in the second quarter, down from $370 million (12 cents) in the same period in 2006. "The yearly decline in earnings per share is due to a lower contribution from operations, start-up costs associated with the WiMAX initiative and...

By Dan Beyers | August 8, 2007; 07:12 AM ET | Comments (0)

Norfolk Southern Reaches Labor Deal

Norfolk Southern said today it has reached a tentative new labor agreement with its 5,100 locomotive engineers that would extend through 2014. The new contract, which awaits ratification by the employees, would maintain the existing contract's link between engineers' compensation and the Norfolk-based railroad's performance. The engineers, who are represented...

By Mike Shepard | August 7, 2007; 10:21 AM ET | Comments (0)

Sprint Teams Up With Google On WiMax

Over at the Post I.T. blog, staff writer Kim Hart reports that Sprint Nextel will be working with Google to bring web search, interactive communications and social networking tools to Sprint's WiMax Internet customers. Together, she says, the companies plan to create a new mobile portal to use with the...

By Dan Beyers | July 26, 2007; 10:21 AM ET | Comments (0)

Customer Service Hangs Up

If you want to get out of your cellphone contract, try calling the company a few hundred times, reports staff writer Kim Hart. Sprint Nextel is disconnecting service to about 1,000 subscribers who call customer service excessively, company spokeswoman Roni Singleton said. The terminated contracts represent a tiny fraction of...

By Dan Beyers | July 7, 2007; 05:57 AM ET | Comments (14)

 
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