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Sprint Nextel's rebanding price tag continues to increase

Published Monday, March 02, 2009

Wireless carrier Sprint Nextel spent $1.8 billion on spectrum reconfiguration related to 800 MHz rebanding through 2008 and projects it will spend $3.2 billion to $3.6 billion by the time the massive effort is complete, the company said in an annual regulatory filing released last week. Sprint Nextel released the figures in its 10-K filing with the Securities and Exchange Commission (SEC). The $1.8 billion spent on rebanding represents a $500 million increase since the company released its 10-K a year ago. In that annual report, the carrier estimated that its total rebanding costs would be between $2.7 ...

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