Sprint Nextel: Ready for Relaunch

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Less than two years ago, investors had all but given up on Sprint Nextel(ticker: S). The wireless carrier was struggling to meet its debt payments, and bankruptcy seemed a possibility. Following its 2005 merger with Nextel, Sprint began to bleed customers because of an overburdened network and poor customer care. Its shares have fallen 17% in the past year, compared with a 23% gain for the S&P 500.

Yet in that same period, there's been improvement in an important area -- subscriber losses have slowed, and bulls think that Sprint could resume expanding its customer base by the end of the year.