Sprint's CEO faces mounting challenges to turn company around

mardi 4 novembre 2014

File photo of people walking past a Sprint store in New York When Marcelo Claure took the top job at Sprint Corp (S.N) two months ago, he faced an uphill climb in turning around the No. 3 U.S. The Bolivian entrepreneur, who was installed as CEO after the collapse of merger talks with T-Mobile US Inc (TMUS.N), already faced the task of stemming growing subscriber defections as the company seeks to upgrade its subpar network. He now will have to reckon with a worsening financial backdrop, as Sprint cut its full-year 2014 earnings forecast to between $5.8 billion and $5.9 billion from $6.7 billion to $6.9 billion. The company also said it had lost 500,000 postpaid subscribers on a net basis even as rivals like T-Mobile were adding them.








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