Sprint Nextel said it expects to spend $600 million this year on ...
Sprint Nextel said it expects to spend $600 million this year on 800 MHz rebanding and record another $800 million in costs, primarily for spectrum assets. The rebanding expenditures are part of the $6.3 billion the company projects for…
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capital spending, it said in a status report. The carrier also projected revenue will hit $41 billion based on an assumption of high single-digit to low double-digit growth in wireless subscribers. “We have a vast array of competitive differentiators,” CEO Gary Forsee said in a company statement: “We believe our cable joint venture will provide a significant new avenue for customer growth and a substantial time-to-market lead in the race to provide bundled service offerings. Taken together, we are better positioned than any company to take advantage of what we see as a huge opportunity ahead for mobility and data services.”