Sprint Nextel Corp. said on Tuesday that it had unintentionally overstated the launch day sales of the much predictable EVO 4G phone from HTC Corp, which is hyped as a serious contestant to Apple's iPhone 4.

Sprint Nextel Corp. started vending out the first phone in the U. S., based on a next-generation wireless technology, a move forward that may guide in gadgets with high- definition video capabilities and faster downloads.

Federal regulators on Thursday depicted the wireless telecommunications market as more strenuous, possibly laying the groundwork for new regulations that could aid smaller cell phone carriers such as Sprint Nextel Corp. and T-Mobile USA.

Sprint Nextel Corp., which is the third largest US mobile phone carrier, is slashing the price of its prepaid wireless Virgin Mobile USA this month, in order to attract more of the young crowd.

Sprint Nextel Corp. on Thursday announced plans to launch its first ever 4G WiMAX phone before the second half of 2010, posted Forbes.

However, not many details are disclosed about the phone itself, but online reports posted that it may be a new Google Android device designed by HTC.

Sprint Nextel Corp. announced that its losses slowed in the fourth-quarter, however, the firm also added fewer so-called pre-paid customers than Wall Street expected, prompting that the business was hit by the intensifying competition at the low end of the market.

In a move that would step up the competition in wireless pricing, Sprint Nextel Corp Thursday announced a new "Any Mobile, Anytime" feature that would give the users of Sprint's 'Everything Data' plans the added advantage of making unlimited domestic calls to other mobile phones on any US wireless operator.

It's a bad news for the people working in Sprint Nextel Corp. that the Overland Park, Kansas based Telecommunications Company, on Monday, announced that it will lay off 15% of its workforce - which will include 8,000 jobs.