Position as the third-largest wireless carrier in the U.S. and a national footprint; Strong spectrum position; Industry-leading data penetration; and Adequate liquidity. Ongoing post-paid subscriber losses; Significant competition from other wireless carriers, most notably AT&T Mobility and Verizon Wireless; Elevated churn relative to its peers; and Rising leverage. The ratings on Overland Park, Kan.-based wireless carrier Sprint Nextel Corp. reflect a weak business profile because of its elevated churn relative to its peers; declining post-paid subscribers; significant competition from other wireless carriers, which is particularly important as the industry continues to show signs of maturation; and rising leverage. Mitigating factors include Sprint Nextel's position as the third-largest wireless carrier in the U.S., a strong portfolio of spectrum licenses, industry-leading data
