Your Web News in One Place

Help Webnuz

Referal links:

Sign up for GreenGeeks web hosting
October 7, 2011 04:17 pm EDT

The cost of switching to LTE: Sprint to spend $10 billion over the next two years

Wonder just how much it costs to phase out iDEN and WiMAX networks and put all your eggs in one, CDMA / LTE-flavored basket? Well, Joe Euteneuer, Sprint's CFO, just offered up a frank answer here at its "Strategy Update" event: $10 billion over the next two years. That's a heckuva lot more than the $4 billion to $5 billion Wall Street was expecting, but Euteneuer assured all the suited-up financial analysts in the room that the company should save $10 billion to $11 billion through 2017 (a figure widely reported before today), with $4 billion of that resulting from not having to maintain the 'ol ball and chain iDEN network anymore. Now it's true, we're a minority in this meeting of industry analysts, but you don't need to be a banker to understand that's one telling figure: clearly, the company's betting its future not just on the (CDMA!) iPhone, but LTE's brand of 4G.

The cost of switching to LTE: Sprint to spend $10 billion over the next two years originally appeared on Engadget on Fri, 07 Oct 2011 12:17:00 EDT. Please see our terms for use of feeds.

Permalink | ||Comments

Original Link: http://www.engadget.com/2011/10/07/the-cost-of-switching-to-lte-sprint-to-spend-10-billion-over-t/

Share this article:    Share on Facebook
View Full Article

Engadget

Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics. Engadget was launched in March of 2004 in partnership with the Weblogs, Inc. Network (WI

More About this Source Visit Engadget