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SPRINT TO UNVEIL FIRST 4G NEXT WEEK
Sprint Nextel Corp. is expected to unveil the first U.S. phone compatible with a fourth-generation mobile network next week, according to people familiar with the matter. The device, dubbed the Supersonic by HTC Corp., represents Sprint’s latest and biggest bet that its WiMax network and promises of a speedier wireless connection will reverse the struggling carrier’s fortunes. The company is racing to make WiMax services, run by partner Clearwire Corp., available to more people as it hopes to exploit its temporary lead over the next-closest carrier with 4G aspirations.
“It’s now or never,” said Avi Greengart, an analyst at Current Analysis.”They won’t have an exclusive on the 4G marketing message indefinitely.”
The device is expected to be the centerpiece of a presentation made by Chief Executive Dan Hesse during the CTIA Wireless trade show Tuesday.
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