07 mar: Amerikanske olielagre rejser sig
30 mar: Korr: EU udvider krisefond til 800 mia. euro
07-03-2012 16:44:00

Sprint Has Wholesale 4G LTE Accords With Numerous Companies

Relateret indhold

By Greg Bensinger

Of DOW JONES NEWSWIRES

NEW YORK -(Dow Jones)- Sprint Nextel Corp. (S) said it has entered into accords with several companies to provide fourth-generation mobile broadband service on its nascent Long-Term Evolution network.

"We have signed contracts on LTE," said Matt Carter, president of Sprint's wholesale solutions and new ventures, in an interview Wednesday in New York. "It's in the double digits," he said, declining to identify the companies.

Sprint is promoting its wholesale business as it works on a $5 billion network upgrade over the next several years. Wholesaling to companies such as America Movil SAB's (AMX, AMX.MX) TracFone helped Sprint to boost its customer rolls by 2.7 million last year, more than any other business, and is a less-expensive path to growth because it comes without user-acquisition or marketing costs.

Sprint is building out a 4G LTE network that it plans to make available in several U.S. cities by mid-year. It faces an uphill battle against rivals Verizon Wireless and AT&T Inc. (T), which already operate 4G LTE networks--promising download speeds up to 10 times faster than existing 3G service. Verizon Wireless is a joint venture of Verizon Communications Inc. (VZ) and Vodafone Group PLC (VOD, VOD.LN).

Carter said he was seeing more wholesale interest from other overseas carriers that want to provide customers with a network for when they travel to the U.S.

Sprint shares were recently trading at $2.43, up 4 cents.

-By Greg Bensinger, Dow Jones Newswires; 212-416-4676; greg.bensinger@dowjones.com

(END) Dow Jones Newswires

March 07, 2012 11:44 ET (16:44 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg

Fondsbørsmeddelelser

Mærsk: Maersk Line-alliance bekræfter snak med koreansk rederi

24-06-2016 13:16:49
Maersk Lines alliance, 2M, bekræfter, at den er i samtaler med det sydkoreanske containerrederi Hyundai Merchant Marine (HMM), som har givet udtryk for, at det ..

Aktier/middag: Lundbeck står alene i ellers brexit-ramt marked

24-06-2016 11:29:05
Der er store fald på det danske aktiemarked fredag ved middagstid, hvor investorerne har en generel tendens til at søge væk fra de mere risikobetonede papirer, ..

Brexit/aktiechef: Alle aktier rammes - defensive mindst

24-06-2016 08:26:08
Alle aktier vil blive ramt af den megastore nedtur som aktiemarkedet ventes at stå over for ved åbningen kl. 9.00.Det vurderer afdelingsdirektør i Sydbank Ole K..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge

Relaterede aktiekurser

AT&T Inc 41,52 -0,9% Fald i aktiekurs
Verizon Communications I.. 54,43 -0,4% Fald i aktiekurs
Sprint Corporation 4,12 -6,2% Fald i aktiekurs
Vodafone Group PLC- Amer.. 30,17 -7,1% Fald i aktiekurs
America Movil S.A.B. de .. 11,62 -6,4% Fald i aktiekurs
America Movil S.A.B. de .. 11,70 -3,9% Fald i aktiekurs
Vodafone Group PLC ORD U.. 213,64 -2,6% Fald i aktiekurs
Verizon Comm 34,91 1,6% Stigning i aktiekurs

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2016  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
27. juni 2016 02:22:42
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20160622.1 - EUROWEB2 - 2016-06-27 02:22:42 - 2016-06-27 02:22:42 - 1 - Website: OKAY

Når du besøger Euroinvestor.dk accepterer du, at der anvendes cookies, som vi og vores samarbejdspartnere benytter til funktionalitet, statistik og markedsføring. Læs mere om cookies på Euroinvestor.dk her

x