Sprint Plunges On Concern Over 4G, iPhone Costs - Wall Street Journal

Reuters

Sprint Plunges On Concern Over 4G, iPhone Costs
Wall Street Journal
S&P said that sales of the iPhone--and the high subsidies that Sprint is forced to pay?will pressure the company's cash flow and damage profits over the coming two years. Scott Sloat, a Sprint spokesman, declined to comment. ...
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Sprint: Six Downgrades; iPhone Overshadowed By Network SpendBarron's (blog)
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