The CDMA segment of Sprint Nextel is “holding its own”...
The CDMA segment of Sprint Nextel is “holding its own” against Verizon Wireless and AT&T, though the iDEN segment continues to see losses, Wells Fargo Securities said in a research note. “We believe investors should begin to look at Sprint…
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as two distinct companies per se -- iDEN (old) and CDMA (new),” it said. “While we believe iDEN losses will accelerate at a faster clip, our sense is the CDMA growth continues to be fairly solid (in light of normal lighter Q1 seasonality trends).” The note said Sprint also “has the most to gain in terms of T-Mobile’s continued struggles -- given the fact both carriers are targeting the more value seeking consumer."