Sprint shares tumble
It is significant that Sprint can lose this many customers given how difficult it is to unsubscribe to their service. This is a real measure of just how lousy they are:
NEW YORK (Reuters) - Sprint Nextel Corp (S.N) reported deeper than expected subscriber losses on Friday and said it would cut about 4,000 jobs, raising fears of a slowdown in the U.S. wireless industry, and its stock dropped nearly 25 percent.
The third largest U.S. mobile phone service has been losing ground to bigger rivals such as AT&T Inc (T.N) and Verizon Wireless amid network and customer service problems.