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Sprint plans up to cut up to USD 2.5 billion of costs
2015-10-02 09:36:00| Telecompaper Headlines
(Telecompaper) Sprint plans to cut USD 2 billion to USD 2.5 billion in costs in the next six months and will freeze external hiring, CFO Tarek Robbiati wrote in a staff memo seen by the Wall Street Journal. All expenditures must now be reviewed and approved by the finance department. In the memo, the CFO writes, "The main thing to consider when requesting to spend money is take an owner's mindset by treating every dollar as if it were your own." The statement comes days after the operator said it would not take part in the 600 MHz Incentive Auction next March. The company has said previously that it cut USD 1.5 billion in costs in the last 12 months. The company had USD 7.5 billion of operating expenses in the quarter to 30 June.
Sprint to cut jobs, reduce up to $2.5 billion in costs: WSJ
2015-10-02 02:44:58| Telecom - Topix.net
Sprint Corp plans to cut an unspecified amount of jobs and about $2-$2.5 billion in costs in the next six months, the Wall Street Journal reported, citing an internal memo. The wireless carrier has frozen external hiring and all expenditures require the approval of the finance department, WSJ reported, citing the memo sent to staff by the new chief financial officer.
Sprint cuts staff to save up to $2.5bn
2015-10-02 02:00:00| Total Telecom industry news
U.S. operator's new CFO urges staff to treat every dollar spent as though it were their own.
Sprint to cut jobs, reduce up to $2.5 billion in costs: WSJ
2015-10-02 01:33:11| IT Services - Topix.net
Sprint Corp plans to cut an unspecified amount of jobs and about $2-$2.5 billion in costs in the next six months, the Wall Street Journal reported, citing an internal memo. The wireless carrier has frozen external hiring and all expenditures require the approval of the finance department, WSJ reported, citing the memo sent to staff by the new chief financial officer.
Sprint to Increase Unlimited Plan Cost by $10 Per Month
2015-10-01 19:03:13| PC Magazine Cell Phones Product Guide
Sprint will still offer the $60 unlimited plan until Oct. 15 for new and existing customers.
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