Home Credit Ratings and Research Residential Mortgage-Backed Securities S&P Global Ratings’ Credit Research Sprint Communications Inc.

BULLETIN: Sprint to Cut Customer Service Jobs and Close Five PCS Call Centers

Published Feb 19, 2002

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About This Report

Abstract:

Standard&Poor's said today that Sprint Corp.'s (BBB+/Negative/A-2) announcement that it will cut 3,000 customer service jobs and close five Sprint PCS Group call centers has no impact in the company's credit rating or outlook. The cuts represent about 9% of Sprint PCS's workforce and seek to reduce costs in light of slower growth in the U.S. wireless industry. Standard&Poor's views the continuing improvement in the PCS group's cost structure as essential for the company to reduce its cash cost per user by about 10% and achieve its EBITDA target in 2002.

Report Type:

News

Ticker

Issuer

Sprint Communications Inc.

GICS

Integrated Telecommunication Services (50101020)

Sector

Global Issuers , Structured Finance

Country

United States

Region

United States

Format:

HTML

BULLETIN: Sprint Corp. Reduces Cash Needs for 2002 – 2002/03/01 – US$ 150.00

BULLETIN: Sprint Corp. Affirms Fiscal 2002 Financial Guidance – 2002/03/06 – US$ 150.00

Sprint Capital Corp. $2 Billion Senior Unsecured Notes Rated 'BBB+' – 2002/03/07 – US$ 150.00

Summary: Sprint Corp. – 2002/03/07 – US$ 225.00

BULLETIN: Sprint Corp. Increases Notes Offering to $5 Billion – 2002/03/08 – US$ 150.00

Summary: Sprint Corp. – 2002/02/13 – US$ 225.00

Summary: Sprint Corp. – 2001/10/25 – US$ 225.00

BULLETIN CORRECTION: Sprint Corp. Raises More Than $500 Million – 2001/08/22 – US$ 150.00

BULLETIN: Sprint Corp. Prices PCS Common Stock Shares and Equity Units Offerings – 2001/08/09 – US$ 150.00

Sprint Capital Corp. $1 Billion Senior Unsecured Notes Rated 'BBB+' – 2001/08/07 – US$ 150.00

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MLA:	S&P Global Ratings’ Credit Research. "BULLETIN: Sprint to Cut Customer Service Jobs and Close Five PCS Call Centers" Feb 19, 2002. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-Sprint-to-Cut-Customer-Service-Jobs-and-Close-Five-PCS-Call-Centers-231550>

APA:	S&P Global Ratings’ Credit Research. (). BULLETIN: Sprint to Cut Customer Service Jobs and Close Five PCS Call Centers Feb 19, 2002. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-Sprint-to-Cut-Customer-Service-Jobs-and-Close-Five-PCS-Call-Centers-231550>

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