Sprint Struggling with LTE says WSJ

According to the WSJ, Sprint which has been very busy lately working to bring its LTE network to many Americans is said to be struggling on the Spectrum race due in part to the monopoly Verizon holds. Sprint has launched LTE in 15 markets and expects nationwide coverage by the end of 2013. By comparison, Verizon’s LTE network already spans 330 markets and AT&T has 47.

Sprint not only has got a long way to go, but it is also trying to fight a network crunch battle which it hopes to ease by using network resources from the now dead iDEN Nextel network. The problem, they also lost all those Nextel customers which was a big sum and so now Sprint faces a huge debt of about $22b, toppled with a long iPhone contract which it must comply with or face more penalties. Sprint is not doing well whatsoever.

We reported back in March that Sprint may file for bankruptcy due to it’s failures with its WiMAX 4G network, high debts, a failed LighSquared partnership and a $15.5 billion dollar investment in Apple’s iPhone. So if this isn’t any indication that Sprint is indeed thinking about bankruptcy I don’t know what else is.

Sprint, as a long time standing customer of yours and a recent LTE device owner, if things do not change for the better I am unfortunately going to  leave for a better network.