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Sprint Nextel Closing 125 Company Stores, 4,000 Distribution Points

Cellular Retailer Laying off 4,000 Employees
By Sasha M Pardy
January 24, 2008 | 9:49 P.M.

After losing more than 880,000 net users during fourth quarter, Sprint Nextel (NYSE: S) announced a plan to streamline its business in anticipation of "continued downward pressure on subscriber trends, revenues, and profitability in 2008."

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