Sprint Launches New Wireless Data Network

by InvestorPlace Staff | July 17, 2012 11:40 am

Sprint Nextel NYSE:S[1]Sprint (NYSE:S[2]) has rolled out[3] its 4G LTE network across 15 cities in the U.S., including Dallas, Kansas and Waco, Texas. The news was encouraging for the ailing mobile carrier, lifting shares almost 7% by midday.

Ironically, Sprint was the first U.S. operator to launch a 4G network back in 2008. It was in partnership with Clearwire (NASDAQ:CLWR[4]), but unfortunately, the use of the WiMax standard was a bust.

So, Sprint had little choice but to shift its resources to the 4G LTE approach, which definitely was the right move. However, the one problem is that it will not give Sprint much differentiation from Verizon (NYSE:VZ[5]) and AT&T (NYSE:T[6]), which also have been rolling out similar networks, and are well ahead of the game. Verizon already is in more than 300 markets, while AT&T is in 47.

— Tom Taulli, InvestorPlace

  1. [Image]: https://investorplace.com/wp-content/uploads/2012/06/SprintRAI.jpg
  2. S: http://studio-5.financialcontent.com/investplace/quote?Symbol=S
  3. rolled out: http://hosted.ap.org/dynamic/stories/U/US_TEC_SPRINT_WIRELESS_BROADBAND?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2012-07-16-14-44-22
  4. CLWR: http://studio-5.financialcontent.com/investplace/quote?Symbol=CLWR
  5. VZ: http://studio-5.financialcontent.com/investplace/quote?Symbol=VZ
  6. T: http://studio-5.financialcontent.com/investplace/quote?Symbol=T

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