Sprint Abandons Plans for 4G PlayBook

Sprint Nextel Corp. has abandoned plans to sell a version of the BlackBerry PlayBook tablet that runs on its high-speed network, citing a lack of demand from business customers.

The decision is a setback to Research In Motion Ltd. and comes at a difficult time for the company, which has seen its stock price tumble nearly 60% this year as sales of its signature phones have been losing ground to competitors. Sprint’s reversal means the device hasn’t yet found any support from the three largest U.S. wireless carriers, which includes AT&T Inc. and Verizon Wireless.

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