With 1.7 million AppleiPhones 4 sold in just three days, investors worry how will Sprint Nextel compete.
“What distinguishes the phones we have out there right now is that they work on the 4G network,” Dan Hesse, CEO of Sprint Nextel, told CNBC today.
Sprint’s 4G strategy revolves around their 56 percent stake in Clearwire, which builds and operates next generation wireless broadband networks.
In addition, Sprint has aligned interests in that they share the same competitors—Verizon and AT&T.
Continue reading Competitors Will Bundle Wireless, ‘That is Good For Us’: CEO Sprint Nextel on CNBC
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