Bear Stearns analyst Philip Cusick wrote in a research note today that Sprint will probably lose 200,000 subscribers during the third quarter, down from an expected 15,000 subscriber rise. Cusick says the carrier is losing subs because of "customer dissatisfaction with Sprint's billing, customer service and network." Wall Street has also docked Sprint 20 percent off its trading price since June. The Wall Street Journal predicts that the time is ripe for an activist investor to swoop in and start demanding a change of policy at the carrier. The publication pegs Ralph Whitworth of Relational Investors as a potential gadfly.
For more on the report:
- read this article from the WSJ (sub. req.)
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