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urgentcomm » SMT

Headaches pile up for Sprint Nextel

Published Tuesday, April 01, 2008

In addition to continued subscriber losses on its iDEN network, layoffs and a rapidly falling stock price, Sprint Nextel last month revealed that 800 MHz rebanding almost certainly will cost more than the $2.8 billion the company is scheduled to pay under the FCC's original 2004 order. In its 10-K SEC filing, the carrier stated it already has spent $1.1 billion to pay for rebanding through the end of 2007 and projected its total cost for the massive project to be between $2.7 billion and $3.4 billion in a best-case scenario. Sprint Nextel is obligated to pay at ...

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