Sprint's 'Cut Your Bill in Half' promo results in only 20 percent savings

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After announcing a promotion Tuesday that would cut the bills of AT&T's and Verizon's customers in half if they switch to Sprint, the wireless carrier admitted that the net savings is only closer to 20 percent rather than the 50 percent that it is marketing. When customers on the two larger rival carriers switch, they would still have to pay for a new phone or lease one, costs that are not calculated in the promotion.

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