Four executives leaving in Sprint reorganization

Jan 07, 2012

(AP) -- Four executives are leaving Sprint Nextel Corp. in a reorganization that will combine the sales and marketing functions for both its consumer and business units.

Spokesman Scott Sloat confirmed the move, which was laid out in a memo sent by Sprint CEO Dan Hesse on Friday.

The news was reported earlier by Reuters.

Sprint is in the midst of a costly upgrade to put its phones on a "4G" network, and Hesse expressed the need to become more efficient in the memo.

Sprint shares fell 5 cents, or 2.2 percent, to close at $2.19 on Friday.

Explore further: Turner channels removed from Dish amid pact spat

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Sprint: No more Clearwire devices after 2012

Oct 07, 2011

(AP) -- Sprint Nextel Corp. said Friday that it will stop selling phones and other devices compatible with Clearwire Corp.'s network at the end of next year, as it switches customers to its own higher-speed, fourth-generation ...

Sprint to stop selling certain push-to-talk phones

Nov 30, 2009

(AP) -- Sprint Nextel Corp. is giving up on a technology that allows some Sprint-branded phones to use a "push-to-talk" walkie-talkie service similar to what's available on the company's Nextel-branded phones.

Sprint down after testy meeting with analysts

Oct 08, 2011

(AP) -- The struggling wireless carrier Sprint Nextel Corp. said Friday that it will need to raise more money to build a higher-speed data network even as it must spend more to subsidize sales of the new iPhone to its customers.

New Sprint does push-to-talk without Nextel

Sep 27, 2011

(AP) -- Sprint Nextel Corp. will start shutting down the Nextel part of its network in little more than a year. So what are the folks who use Nextel's walkie-talkie-like push-to-talk function going to do?

Recommended for you

Turner channels removed from Dish amid pact spat

2 hours ago

Channels such as Cartoon Network and CNN are no longer part of Dish's programming lineup as a deadline has passed for the satellite TV provider and Turner Broadcasting to renew their distribution agreement.

Verizon reports higher 3Q net income, revenue

3 hours ago

Verizon Communications Inc. on Tuesday reported higher net income and revenue in its third quarter, helped by strong wireless subscriber growth and demand for its high-speed FiOS Internet services.

Amazon, Simon & Schuster sign book retail deal

11 hours ago

Amazon has reached a deal with American book publisher Simon & Schuster, the companies said, though the e-commerce giant remains at loggerheads with France's Hachette over e-book pricing.

User comments : 0