Hesse comfortable with Sprint's spectrum position

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

Related articles:
Sprint, Clearwire ink agreements on $1.6B in funding, LTE
Clearwire may miss Dec. 1 debt payment, raising fears of a default
Sprint raises $4B in debt offering, hints at Clearwire funding
Clearwire CEO: 'There remains a gap' between Clearwire and Sprint
Clearwire inks wholesale deal with NetZero Internet provider
Clearwire ditches postpaid service, offers prepaid unlimited at $50
Clearwire to deploy LTE - if it can get additional funding


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