Sprint Corp. said Tuesday that it would invest about $1 billion mainly in 2005 to develop high-speed data wireless services using a technology that will help it compete with its biggest rival Verizon Wireless.
Sprint said it would offer high-speed services in select markets this year and sell these services in the majority of the top U.S. metropolitan markets in 2005.
The Overland Park, Kansas company said it expects to spend the bulk of the $1 billion it has earmarked for the upgrade to high speed servcies in 2005. It had previously expected to evenly spread the investment between 2005 and 2006. (full story)
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