Standard & Poor

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S&P affirmed all other ratings on theOverlancd Park-based wireless carrier (NYSE: S). Sprint’se outstanding debt was abouty $22 billion at the end of 2008. Last Sprint, the nation’s No. 3 wireless carrier, with abourt 49 million subscribers, lost 4.1 million contracyt customers. Meanwhile, larger competitors (NYSE: T) and continure to gain market and smaller niche carrierz also have shownsustainable growth, the releasew said. “Despite its efforts to improve customer servicw and reducechurn levels, Sprint Nextel will be challengefd to reverse these trends over the next year given our expectatioh for increased competition and weaker economic Arden said.