Sprint Nextel subscribers continue to jump ship, as the company's sales decline and losses widen.
The company has been struggling for several quarters as customers have complained of poor service, especially from its Nextel division. Sprint bought Nextel for $35 billion in 2005, and the merger has largely been a failure, costing the company billions of dollars to integrate while causing the company to also lose millions of newly dissatisfied customers. Many Nextel customers have complained of poor service and a lack of handset choices.
Investors have been pushing the company to sell assets and focus on its core … Read more