Sprint ups WiMAX spectrum

25 Jun 2007

Sprint Nextel is to acquire additional broadband wireless spectrum, paying Bell Industries USD13.5 million for its 2.5GHz frequencies. The full details of the amount of spectrum to be transferred or the geographic coverage have not been disclosed. The deal is still subject to FCC approval. Sprint is already the largest WiMAX-capable spectrum owner in the US and plans to launch commercial 802.16e mobile WiMAX services in Chicago and Washington DC at the end of this year, with a national rollout to follow in 2008.