Sprint Must Expand Spectrum To Compete

Forbes wrote that Sprint Nextel Corp. (NYSE: S) must expand its spectrum in order to compete with rivals Verizon Communications Inc. (NYSE: VZ) and AT&T Inc. (NYSE: T). Shares of Sprint lost 13 cents to close at $2.85 while Verizon stock edged up 16 cents to close at $38.23. AT&T stock edged up 2 cents to close at $31.23.