Sprint lowers EBITDA outlook, plans 2,000 job cuts

Tuesday 4 November 2014 | 08:51 CET | News
Sprint's new CEO has announced plans to reduce operating costs by USD 1.5 billion and cut 2,000 jobs at the operator. The workforce reduction is expected to save USD 400 million a year. The company is also reviewing the rest of its management and plans to add more new candidates, both external and from parent company Softbank. Appointed in August, the new CEO Marcelo Claure aims to reposition Sprint as the 'best value in wireless'. In addition to cutting operating costs, Sprint is working to complete its network upgrade and LTE roll-out, which has been impacting the customer experience and

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Categories: Mobile & Wireless
Companies: Softbank / Sprint
Countries: United States
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