Sprint Nextel Ready To Spin Off Embarq To Focus On Wireless
An Investor's Business Daily article by Reinhardt Krause, via Yahoo! News, reports that:
As Sprint Nextel gets ready next week to spin off its wireline local phone business named Embarq, its faster-growing wireless business has hit a bump in the road.More here.
In the first quarter, Sprint Nextel added 1.34 million net new subscribers, but major rivals Cingular and Verizon Wireless each added more than 1.7 million.
More worrisome, say analysts, is that Sprint Nextel's average monthly revenue for customers who are billed monthly fell 4.5% from the year-earlier quarter to $62.
posted by Fergie @ 5/08/2006 05:03:00 PM
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