JoeEuteneuer
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Sprint LTE phones to arrive 'in the second half' of 2012
Sprint CFO Joe Euteneuer has spilled the 4G beans on the carrier's plans to introduce LTE devices, narrowing it down to the third quarter or the beginning of the fourth quarter next year. Compared to what we've already heard, Sprint looks to be stepping up its game: "We're talking about covering 120 million [people] by the end of 2012 -- we've accelerated this because we believe LTE is really key to our future." The Now Network will offer up "a number of different models" on the next generation network, and hopes to reach 250 million potential customers by the end of 2013. The company also added that it will be paying $350million to ClearWire spread over two years, "if they meet targets in delivering LTE to sites where traffic is heaviest." But what does the future hold for those less fortunate WiMAX users? Stay calm: the Sprint CFO reiterated that the other 4G network will continue to be supported until 2015.
The cost of switching to LTE: Sprint to spend $10 billion over the next two years
Wonder just how much it costs to phase out iDEN and WiMAX networks and put all your eggs in one, CDMA / LTE-flavored basket? Well, Joe Euteneuer, Sprint's CFO, just offered up a frank answer here at its "Strategy Update" event: $10 billion over the next two years. That's a heckuva lot more than the $4 billion to $5 billion Wall Street was expecting, but Euteneuer assured all the suited-up financial analysts in the room that the company should save $10 billion to $11 billion through 2017 (a figure widely reported before today), with $4 billion of that resulting from not having to maintain the 'ol ball and chain iDEN network anymore. Now it's true, we're a minority in this meeting of industry analysts, but you don't need to be a banker to understand that's one telling figure: clearly, the company's betting its future not just on the (CDMA!) iPhone, but LTE's brand of 4G.
