Sprint And Samsung Get Deeper Into WiMax

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By Douglas A. McIntyre Published
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Sprint (S) has contracted with Samsung to build out its WiMax network in New York. It is part of the $5 billion investment that the cellular carrier plans to make in the tech between now and 2010.

According to Reuters "Samsung had previously been awarded the Washington, DC, Baltimore, Philadelphia, Providence, R.I. and Boston markets." The head of Samsung’s telecom business said he expects the WiMax business to be profitable in three to five years.

Sprint better hope so. It is going against the tradition current by using WiMax to build out its wireless broadband network, and, lagging behind AT&T (T) Wireless and Verizon Wireless, it will need something extra to catch up.

Sprint may also be operating three networks two years from now: the old NexTel network, Sprint’s current network, and the WiMax deployment.

That is too many balls to have in the air at one time, but Sprint does not have a choice.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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