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Sprint inks deal with Alcatel-Lucent, Ericsson
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Sprint inks deal with Alcatel-Lucent, Ericsson
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NEW YORK (Reuters) - Sprint Nextel (S.N) has signed a technology deal worth up to $5 billion with Alcatel-Lucent (ALUA.PA), Ericsson (ERICb.ST) and Samsung (005930.KS) to pave the way toward easier future upgrades and cut costs.
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Sprint gets iPhone too? Well, not really
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NEW YORK |
Mon Dec 6, 2010 9:46am EST
NEW YORK (Reuters) - Sprint Nextel (S.N) has signed a technology deal worth up to $5 billion with Alcatel-Lucent (ALUA.PA), Ericsson (ERICb.ST) and Samsung (005930.KS) to pave the way toward easier future upgrades and cut costs.
The No. 3 U.S. mobile service said the net savings from the project, which includes phasing out its older iDen network, would be up to $11 billion over a seven-year period.
"Fundamentally the network performance improves dramatically," Bob Azzi, a senior vice president for Sprint told Reuters. "Customers will notice the difference."
For its highest-speed wireless data services Sprint depends on the WiMax network of Clearwire Corp (CLWR.O), in which Sprint has a 54 percent stake.
According to reports companies that competed for the deal also included Huawei HWT.UL ZTE (0763.HK).
(Reporting by Sinead Carew; editing by Derek Caney)
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