Sprint: Still a World of Pain

The mobile-phone giant's planned turnaround may involve selling off assets to comply with lenders' agreements
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The customers kept fleeing, revenue fell, and the losses grew, but Sprint Nextel CEO Dan Hesse says the wireless company is starting to make baby steps in its Sisyphean turnaround. "We are acting quickly and decisively to improve our performance," said Hesse during a conference call on May 12 after the company's first-quarter earnings report. But, "as I said [three months ago], the turnaround will take many quarters."

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