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Sprint Nextel and Nokia in WiMAX Pact

Sprint Nextel named Nokia as a key infrastructure and consumer electronic device provider for its 4G WiMAX network. Nokia joins Intel, Samsung and Motorola on the Sprint Nextel project, which is currently expected to enter service in late 2007.

The strategic relationship with Nokia involves network infrastructure, mobile device and market development commitments. Under the agreement Nokia will:

Sprint Nextel said it is expecting to invest up to $800 million in 2007 and between $1.5 billion and $2 billion in 2008 relating to the 4G WiMAX mobile broadband network. Sprint Nextel’s goal is to have a broad range of mobile WiMAX-enabled chipsets and modules and an array of portable data, multimedia and consumer electronics devices available from multiple vendors which work seamlessly among Sprint’s network offerings. As a result, customers will experience an interactive mobile data network that is designed to offer faster speeds, lower cost, greater convenience and enhanced multimedia content.

http://www.sprintnextel.com

http://www.nokia.com

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