Sprint Executive Confirms Company Targeting $2.5 Billion in Budget Cuts
Sprint Chief Financial Officer Tarek Robbiati confirmed reports (see 1510020053">1510020053) the company is planning to cut $2.5 billion in costs, an article posted on SeekingAlpha.com said Friday. While in Tokyo for a meeting with SoftBank executives, Robbiati said Sprint's cost…
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structure is "bloated" and it will cut $2 billion in operating costs and an additional $500 million in equipment spending, according to Seeking Alpha.