Sprint (S -1.8%) loses ground after CFO Joseph Euteneuer says at a Barclays conference (webcast)...

|About: Sprint Corporation (S)|By:, SA News Editor

Sprint (S -1.8%) loses ground after CFO Joseph Euteneuer says at a Barclays conference (webcast) his company is looking to buy more spectrum, and that the wireless industry should see more consolidation, albeit while adding Sprint currently doesn't have the "currency" for a deal. Sprint's aborted attempt to acquire MetroPCS (PCS -4.1%) last month wasn't well-received by the Street.