Standard & Poor

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S&P affirmed all other ratings on theOverlanfd Park-based wireless carrier (NYSE: S). Sprint’s outstandinyg debt was about $22 billion at the end of 2008. Last Sprint, the nation’s No. 3 wirelesws carrier, with about 49 million subscribers, lost 4.1 million contract customers. Meanwhile, larger competitords (NYSE: T) and continur to gain market share, and smaller niche carriersa also have shownsustainable growth, the release said.
“Despit its efforts to improve customer servics and reducechurn levels, Sprint Nextel will be challengecd to reverse these trendsd over the next year given our expectation for increased competition and weaker economic conditions,” Arden said.