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Sprint Aims for $2.5 Billion in Latest Cost-Cutting Plan

Sprint Corp., the unprofitable and cash-strapped wireless carrier, will aim to cut between $2 billion and $2.5 billion in costs over the next six months and eliminate more jobs.

The fourth-largest U.S. carrier informed employees of the plan earlier this week, days after saying it won’t participate in an upcoming U.S. airwaves auction where it could have won new airwaves at a time when mobile networks are clogged with video traffic.