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Sprint reports bigger-than-expected loss, stock sags 7 percent

Matt Hamblen | Nov. 4, 2015
CEO boasts of customer improvements, but carrier plans US$2 billion in cuts in 2016

"The decision will be detrimental to the carrier in the long term as Sprint currently lacks lower-band spectrum licenses, and the withdrawal from the auction will play to its competitors' advantage -- particularly T-Mobile -- as the FCC is reserving a designated amount of spectrum that smaller carriers can bid on exclusively," Vachon said.

 

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