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Sprint Nextel’s earnings dropped 94% and they blame their WiMAX roll out

Categories: Sprint
By: , IntoMobile
Thursday, August 9th, 2007 at 5:49 AM

sprint2.jpgSprint Nextel had a tough second quarter this year. Sepnding a little over $50 million on their WiMAX network resulted in a profit of just $19 million or a penny per share. Will it pay off? Tough to tell, but they plan on spending a total of $1 Billion on WiMAX in 2007. Testing will happen in Chicago, Baltimore and Washington by the close of this year.

[Via: Mobile Crunch]

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About The Author

Stefan Constantinescu

Stefan Constantinescu (@WhatTheBit on Twitter) has loved technology since as far back as he can remember. It started with computers, but in the past few years his passion has turned to mobile devices. As a mobile phone enthusiast who lives and breathes devices that connect to the internet, he knows he is not alone with this radical fascination of all things wireless. He is strongly opinionated and enjoys a good debate so leave comments in his posts and he’ll get back to you! Stefan began blogging as a hobby in the fall of 2006 and joined IntoMobile in the summer of 2007. Later he got a job at Nokia in March 2008, but as of June 2009 he has rejoined the IntoMobile team. He is currently based out of Helsinki, Finland.

  • Viipottaja

    Did you see the news Nokia is going to bring out a N800 version with WiMax? That will be sweet, and I live in DC too.. yeah! :)

    And Nokia also a long time ago announced they will be bring WiMax phones to Sprint as well.. that should be interesting. The Sprint phones I’ve seen (have not actively checked though) all look hideous, like blasts from the past in design etc.