ADVFN - Advanced Financial Network.
HOME» NYSE » S » S Stock Price » S Stock News

Sprint Nextel Share News

 Sprint Nextel Corp Stock Price
S Stock Price
 Sprint Nextel Corp Stock Chart
S Stock Chart
 Sprint Nextel Corp Stock News
S Stock News
 Sprint Nextel Corp Company Information
S Company Information
 Sprint Nextel Corp Stock Trades
S Stock Trades

Wireless Chiefs Plead For More Data Capacity

By Greg Bensinger Of DOW JONES NEWSWIRES Wireless company chiefs used a major industry conference to prod regulators to free up more airwaves to help relieve what they describe as a crippling data capacity crunch. Executives from Verizon Wireless and T-Mobile USA said the future of data use, such as streaming video and photos, is at risk if more airwaves, or spectrum, aren't put to use. Verizon Wireless Chief Executive Dan Mead, speaking at the CTIA conference in New Orleans, said the largest carrier will be maxed out in some markets as early as next year and most others by 2015. The carrier is seeking regulatory authority to buy $3.9 billion worth of spectrum from a group of cable companies. "We will put this spectrum to use quickly," he said. For T-Mobile's part, "we require more spectrum, more technologies to manage capacity," said CEO Philipp Humm. The carrier had hoped to be bought by AT&T Inc. (T) last year as part of a $39 billion bid that was ultimately stopped by regulators. Humm said average monthly data use on T-Mobile's network has risen more than five-fold over the past two years. Earlier on Tuesday, Federal Communications Commission Chairman Julius Genachowski defended the agency's decision to stop the AT&T deal. "Some have argued that transactions--let's be frank, one transaction--is somehow causing a shortage," Genachowski said at the conference. "But the overall amount of spectrum hasn't changed." -By Greg Bensinger, Dow Jones Newswires; greg.bensinger@dowjones.com; 212-416-4676

Stock News for Sprint Nextel (S)
DateTimeHeadline
02/27/201518:27:25Ditching Your Smartphone Bill and Going Wi-Fi Only
02/27/201514:52:11Sprint CEO Marcelo Claure Buys 5 Million Shares
02/25/201511:59:48RadioShack Name Going Up for Auction With $20 Million Opening...

Sprint Nextel and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad