Report: Sprint to "Bet The Company" on iPhone

With the new iPhone coming out this week, Sprint Nextel Corp. is finally expected to gain access to a device it has long coveted—but at a staggering cost.

The No. 3 wireless company is making a multibillion dollar gamble that Apple Inc.’s gadget will be the ticket to a turnaround, even though Sprint Chief Executive Dan Hesse told the board in August that Sprint would likely lose money on the deal until 2014, according to people familiar with the matter.

Thank you for reading this post, don't forget to subscribe!

Via: The Wall Street Journal

Read more: http://online.wsj.com/article/SB10001424052970203405504576603053795839250.html#ixzz1ZkR3d1zO

About Post Author

Dan Uff

Senior Writer / Owner

See author's posts

Advertisement