SPRINT’S 4G MOVE OPENS WAY TO MERGER
Sprint CEO Dan Hesse told FT that the company is considering adopting LTE technology. “We have the spectrum resources where we could add LTE if we choose to do that, on top of the WiMAX network,” he said, referring to the 4G infrastructure being built by Clearwire, in which Sprint is the largest shareholder. T-Mobile USA is likely to adopt the same LTE technology, which strengthens the case for a merger with Sprint. While Hesse declined to comment on deal activity, he conceded that there was “logic” to a merger, FT writes. Hesse says the first phase -- stabilizing the company -- of his turnaround strategy for Sprint has been achieved, calling the strategy “about a third of the way through”. WSJ writes that in an interview last week Hesse said Sprint’s leg up on the 4G market has recently been hindered by shortages of its flagship Evo 4G phone, which is delayed indefinitely.
Sprint CEO Dan Hesse told FT that the company is considering adopting LTE technology. “We have the spectrum resources where we could add LTE if we choose to do that, on top of the WiMAX network,” he said, referring to the 4G infrastructure being built by Clearwire, in which Sprint is the largest shareholder. T-Mobile USA is likely to adopt the same LTE technology, which strengthens the case for a merger with Sprint. While Hesse declined to comment on deal activity, he conceded that there was “logic” to a merger, FT writes. Hesse says the first phase -- stabilizing the company -- of his turnaround strategy for Sprint has been achieved, calling the strategy “about a third of the way through”. WSJ writes that in an interview last week Hesse said Sprint’s leg up on the 4G market has recently been hindered by shortages of its flagship Evo 4G phone, which is delayed indefinitely.
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