The long wait seems about to be over for Sprint
What seems to be the prime concern is the fact that the gap between Sprint and the other two is quite big, with Verizon’s LTE network covering 304 cities compared to AT&T’s 41. Incidentally, Verizon is 18 months ahead of Sprint in setting up the LTE network, and AT&T is staying around 10 months ahead. Sprint deserves admiration for remaining optimistic about its prospects in this situation, which has been made all the more difficult by the fact that it has posted five consecutive years of losses.
These are not the only reasons why Sprint needs to speed up. The company is already actively selling next generation LTE-enabled smartphones, such as the Samsung Galaxy S III, but it doesn’t have a matching network to offer its customers. The problem will inevitably become more intense because the Apple iPhone is almost sure to have LTE capabilities. Keeping these factors in perspective, the July 15 launch seems to have come at just about the right time.
Sprint has already suffered heavy customer erosion – it’s lost around 192,000 contract customers as it’s gearing up to shut down its outdated Nextel network. That data in itself is quite scary for a company that has already committed to Apple
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Fool Contributor Subhadeep Ghose doesn’t own shares in any of the companies mentioned above. The Fool owns shares of Apple. Motley Fool newsletter services have recommended buying shares of Apple. Motley Fool newsletter services have recommended creating a bull call spread position in Apple. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insightsmakes us better investors. Try any of our Foolish newsletter services free for 30 days.