Sprint On Track to Shut Portions of US Cellual Network and 2 More Heavily Traded Stocks to Follow
Sprint Nextel Corp. (NYSE:S): Current price $6.76
Sprint is advising the customers it acquired via the May transaction with U.S. Cellular that it will start closing the affected portions of the U.S. Cellular network. The shutdown will be effective for the St. Louis metropolitan area, including parts of Missouri and Illinois, on October 31. Closing the affected portions of the U.S. Cellular network will permit Sprint to reuse the wireless spectrum so as to enhance service on its Nationwide Sprint Network. Service for the customers will be interrupted should they not move their service to Sprint or another carrier prior to the change.