Technology

Sprint to cut costs to restore profit margins

Sprint has cancelled its plans to build a broadband communications network as part of its measures to cut costs. The company's cost-cutting plans will also involve the loss of 6,000 jobs.

CBR Staff Writer October 17, 2001

According to the Financial Times, Sprint is also to streamline other areas of its operations to try and stabalize the company’s profits.

During Q3 Sprint added 1.2 million new mobiles customers, taking the company’s total number of customers to 14.4 million.

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