In a recent report, it has been revealed that Sprint Nextel has incurred losses in their sales. It is the 3rd largest cell phone company in the nation and it revealed that it has borne a loss of $1.3 billion in the fourth quarter earnings. It was further said that the condition is still better than what it was a year ago, when the firm had seen a loss of $929 million.

The venture of Clearwire Corp and Sprint Nextel will start to offer their high speed wireless services from the coming November in many busiest cities of America. They will offer these services to cities like San Francisco, Los Angeles and New York.

In a Thursday statement, Clearwire revealed that three top Sprint Nextel executives - CEO Dan Hesse, Keith Cowan, and Steven Elfman - have resigned from the Clearwire board “out of an abundance of caution”, after Clearwire raised concerns about the likelihood of antitrust issues.

On Tuesday, Sprint Nextel Corp. formally launched the first 4G phone in U. S.

Named the Evo, it is manufactured by HTC Corp. Sprint did not disclose the price of the device and just said that it is slated for release this summer.

Sprint Nextel Corp. is set to introduce a 4G smartphone, the first 4G-compatible phone in U. S., based upon Google's Android operating system and built on WiMAX technology.

The carrier has already introduced non-phone devices, such as wireless cards, mobile hotspots, and USB modems for 4G.

According to a Forbes report, published on February 18, the struggling Sprint Nextel will take a lead over its US rivals by releasing its first 4G smartphone, boasting the wireless carrier’s WiMax networks-access capability, in the first half of this year.

Sprint Nextel, with the aim to save as much as $350 Million annually, has announced that it will be cutting up-to 2,500 jobs for the current quarter. In the current financially troubling times, companies all over have been forced to take such decision, but Sprint might just end up hurting itself even more with the lay-offs.

In an announcement which sent excitement all around, Sprint-Nextel Corp., has confirmed that it is launching its first ever netbook and expanding the coverage of its WiMax network.

Deutsche Telekom AG is mulling over submitting a bid for Sprint Nextel, the third largest mobile phone operator in US.

As per reports of British newspaper "The Sunday Telegraph", Deutsche Telekom had hired Deutsche Bank to advise the company over a possible multi-billion-dollar bid.

In a Thursday announcement, US' third-biggest mobile operator Sprint Nextel said its first Google Android-based touch-screen smartphone HTC Hero, joining the Sprint smartphone lineup comprising the Palm Pre and the BlackBerry Tour 9630, will be launched on October 11.