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Edition: U.S. Article Comments (0) Email Print Reprints Read WikiLeaks founder Assange refused bail by UK court 10:36am EST Taylor says U.S. headed for recession | 06 Dec 2010 China hits back at criticism over North Korea | 8:20am EST US STOCKS-Futures rise on tax cut deal 7:42am EST U.S. exits Citigroup stake and earns $12 billion profit 12:52am EST Discussed 62 Senate bid to renew ”middle-class” tax cuts fails 44 Premature to end military’s ban on gays: Senator McCain 41 Special Report: A day without genetically altered orange juice Watched Bejeweled bra exposed in NY Thu, Oct 21 2010 Row over vote orgasm video Fri, Nov 19 2010 Playboy opens Mexican casino Sun, Dec 5 2010 Analyst Research Report Title Price Sprint Nextel Corp Provider: Standard & Poor's STARS Report $35.0 Buy Trading Report for (S). A detailed report, including free correlated market analysis, and updates. Provider: Stock Traders Daily $18.0 Buy S: Risk/Reward Rating: Full Report: Cash Truth Behind the Reported Earnings Provider: New Constructs, LLC $25.0 Buy SPRINT NEXTEL CORPORATION (S=US) - REPORT FOR ACTIVE TRADERS Provider: Pechala's Reports $25.0 Buy E-Commerce & Internet Business Industry Market Research and Competitive Analysis 2010 Provider: Plunkett Research, Ltd. $299.0 Buy NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here. Small Business Using your smartphone as a remote Controlling a ball with a smartphone is just the tip of the iceberg for entrepreneur Ian Bernstein. The Orbotix founder envisions many applications for his technology such as helping the physically challenged. Full Article | Video Factbox: Orbotix TechStars’ founder predicts accelerator implosion Sprint eyes $11 billion savings, to shut Nextel network Tweet This Share on LinkedIn Share on Facebook By Sinead Carew NEW YORK (Reuters) - Sprint Nextel (S.N) promised to save up to $11 billion in the next seven years from a big network restructuring that involves eventually getting rid of the iDen network it bought from Nextel in 2005. Shares of... Related News UPDATE 3-Sprint eyes $11 bln savings, to shut Nextel network Mon, Dec 6 2010 Clearwire eyes selling up to $2 billion spectrum Mon, Dec 6 2010 UPDATE 1-Clearwire eyes selling up to $2 bln spectrum Mon, Dec 6 2010 UPDATE 1-Clearwire debt funding may top $2 billion Fri, Dec 3 2010 UPDATE 3-Clearwire plans $1.1 bln debt sale, shares fall Thu, Dec 2 2010 Related Topics Technology » Stocks By Sinead Carew NEW YORK | Tue Dec 7, 2010 8:26am EST NEW YORK (Reuters) - Sprint Nextel (S.N) promised to save up to $11 billion in the next seven years from a big network restructuring that involves eventually getting rid of the iDen network it bought from Nextel in 2005. Shares of the No. 3 U.S. mobile service rose 6.4 percent as investors bet Sprint would finally unravel the mistakes of its $35 billion Nextel purchase that brought years of headaches including massive customer losses. Sprint, which offers services on three different networks, said on Monday it would spend $5 billion on network equipment from Alcatel-Lucent (ALUA.PA), Ericsson (ERIAF.PK) and Samsung Electronics (005930.KS) to overhaul its network. Up to 40 percent of the savings would come from phasing out the iDen network starting in 2013, according to Sprint. It also sees energy and rent savings from installing more energy efficient and less bulky equipment that could pave the way toward easier technology upgrades. "That's big savings," said Pacific Crest analyst Steve Clement, even as he noted that it would be a long time before investors would see the financial benefits. Since the project involves big upfront payments in the first few years, the company said it does not expect to see improvements to its profit margins until 2013. Along with savings, the restructuring would also bring Sprint the capability to consolidate several different technologies into a smaller amount of network equipment. And it would allow it to repurpose some spectrum being used by the iDen network to boost the capacity of the original Sprint CDMA network. "Fundamentally the network performance improves dramatically," Bob Azzi, a senior vice president for Sprint, told Reuters. "Customers will notice the difference." For its high speed wireless data services, Sprint depends on the WiMax network being built by Clearwire Corp (CLWR.O), in which Sprint has a 54 percent stake. Sprint said the restructuring would mean it could possibly add WiMax technology to the network, putting it in a position to forge a network sharing agreement with Clearwire, which needs billions of dollars more funding to complete the construction of its own network. But Steve Elfman, president of network operations, said no such agreement has been reached with Clearwire, which is in negotiations with Sprint and other companies with a view to raising more money. TECHNOLOGY FLEXIBILITY Aside from Clearwire, Sprint offers services on two other networks. Its iDen network carries walkie-talkie services as well as traditional phone calls, but this network has been losing customers as it uses an older technology that is too slow to support data services such as mobile Web. About 11 million Sprint customers use the iDen network. While Sprint's CDMA network, which supports about 34 million customers, is faster than the iDen network and supports data services it is not at the cutting edge of technology. Sprint said part of the new project would include adding walkie-talkie services on the CDMA network so that it will be able to start phasing out the iDen network in 2013. The walkie-talkie network is often used by blue-collar workers in industries such as construction or transportation. 1 2 Next Technology We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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