Thursday, March 22, 2012

Bankruptcy said to be a 'very legitimate risk' for Sprint

Bankruptcy said to be a 'very legitimate risk' for Sprint

. Shares of Sprint stock fell 4.5% Monday morning after an analyst said there is an increasing risk that the nation's third largest wireless carrier could file for bankruptcy. The company is facing increased competition, growing debt and steep costs, with flops in Clearwire's WiMAX technology, a failed LightSquared partnership and a risky $15.5 billion gamble on Apple's iPhone further complicating its position.

Boy Genius Report, Bankruptcy said to be a 'very legitimate risk' for Sprint

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