Sprint Next Corporation (NYSE:S) will save up to $11 billion in the next 7 years by restructuring the network. Eventually Sprint will get rid of the iDen network that they acquired from Nextel in 2005. Sprint acquired Nextel for $35 billion in December 2004.
Sprint will spend $5 billion on network equipment from Alcatel-Lucent, Ericsson, and Samsung to restructure their network. After the restructuring, Sprint would have the capability to consolidate several different technologies. “Fundamentally the network performance improves dramatically,” stated Sprint SVP Bob Azzi in an interview with Reuters. “Customers will notice the difference.”