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Sprint does have a lot of debt ($33 billion), but AT&T does also: ~$180 billion.
Sprint does have a lot of debt ($33 billion), but AT&T does also: ~$180 billion.
Last I looked Sprint was much more leveraged than AT&T was however.
They both have debt roughly equal to their yearly revenue, but AT&T has dramatically better margins. Sprint has repeatedly gone years without a single profitable quarter.