Sprint Stock Falls, New Promo Lags Amid Cash Burn

By | November 18, 2015

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Sprint on Wednesday unleashed a promotion offering new customers a 50% price cut on their existing plans from AT&T, T-Mobile US and Verizon Communications. The promotion is similar to one Sprint rolled out in late 2014. The new offer adds customers of T-Mobile (TMUS). While recycled in part, Sprint’s 50%-off promotion may gain more traction this time, owing to its 4G network upgrade, some analysts say. Sprint’s stock fell 4% after Sprint CEO Scalper1 News

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