Wells Fargo analyst Jennifer Fritzsche said the firm has continued confidence in Sprint Nextel's (NYSE:S) turnaround strategy after meeting with CEO Dan Hesse
With the collapse of AT&T's (NYSE:T) bid for T-Mobile USA, Hesse didn't deny that Sprint itself could benefit from greater scale, Fritzsche wrote. However, Sprint's Network Vision network project should enable the operator to more easily combine or support more technologies. Moreover, Hesse said Sprint is comfortable with its current spectrum, saying the operator won't need more until around 2016.
Clearwire (NASDAQ:CLWR) and Sprint recently announced of series of agreements worth up to $1.6 billion in total. The companies are modifying prior wholesale pricing agreements they announced in April and will provide Sprint with unlimited access to Clearwire's mobile WiMAX network
For more:
- see this Barron's article
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