Sprint to slash 4,000 jobs after subscriber losses
 

Sprint Nextel reported deeper-than-expected subscriber losses on Friday and said it would cut about 4,000 jobs, sending its shares down 19 percent to their lowest level in more than five years. The No. 3 U.S. mobile phone service has been losing ground to bigger rivals such as AT&T Inc amid network and customer service problems that drove away high-value post-paid customers who pay monthly bills.


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