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"The depth of the challenge facing new Sprint Nextel chief executive Dan Hesse was laid bare today when the wireless carrier announced a $29.5 billion loss for the fourth quarter of 2007 and warned of ongoing troubles.
Sprint said 1.2 million wireless subscribers are expected to drop their service by the end of March. In the whole of 2007, that many subscribers abandoned Sprint. Meanwhile, chief rivals Verizon Wireless and AT&T gained subscribers."
