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Telecom & Wireless

Sprint CEO Loves Apple Deal (S, AAPL)

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By Paul Ausick Published
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The CEO of Sprint Nextel Corp. (NYSE: S) told a group of reporters today that the company saw “no reason to bet against” Apple Inc. (NASDAQ: AAPL) and the iPhone. It’s been just about 10 months since Sprint agreed to buy $15.5 billion worth of iPhones from Apple over four years. CEO Dan Hesse said, “You really don’t want to be on the outside.”

Hesse also defended his company’s decision to go with WiMax rather than 4G LTE technology for its high-speed networking. AllThingsD reports:

Hesse said that the company had only two choices — be first with WiMax or last among the majors with LTE. That’s because Sprint didn’t have enough free spectrum to launch LTE when Verizon did.

Hesse declined to comment on whether or not Sprint would add the iPad to its offerings.

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for a673b.bigscoots-temp.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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