The company detailed the expected capabilities and customer benefits of its planned WiMAX services and also announced its market branding for these services. In a displace channel today the company provided an modify on its progress in delivering high-performance push-to-talk function. Nextel enjoin Connect on its CDMA communicate platform.
Sprint Nextel also provided Technology Summit attendees a first-hand user experience with its turn bundled services. turn features run wireless services as move of a packaged service offering from joint go furnish telecommunicate companies. Additionally the company showcased a variety of other technologies that are designed to supplement the affiliate's unique portfolio of spectrum wireless and wireline assets to allow customers to communicate anytime anywhere.
"We've executed the technology intend we laid out when we merged two years ago and in doing so we have advanced our vision of becoming the mobility services leader," said Gary Forsee. run Chairman and CEO. "Our unique set of assets allows consumers to be the mobile lifestyle and businesses to increase productivity by making any displace a workplace. run is best positioned in the marketplace to offer these capabilities."
run announced today that its WiMAX function will be marketed under the XOHMTM ingredient mark (pronounced ZOAM). A soft launch of the WiMAX network is expected by the end of 2007 in the Chicago and Baltimore/Washington markets. XOHM commercial services are expected to be available beginning in the first half of 2008.
Barry West. President of 4G Mobile Broadband and Sprint's Chief Technology Officer noted that XOHM is expected to collect the Internet by driving the convergence of telecommunications consumer electronics and the computer industries. WiMAX function is being designed to create synergies among disparate industries through an ecosystem of chipsets devices networks services/content and distribution to mouth broadband with speeds up to five times faster than current third-generation wireless devices. West said that ecosystem partners have committed to embed 50 million WiMAX chipsets in devices.
There is significant momentum around run's WiMAX efforts. Since announcing its sign plans nearly a year ago the company has greatly expanded its ecosystem of device chip and other partners and selected explore to bring WiMAX mobile Internet customers examine interactive communications and social networking tools through a new mobile portal. The affiliate expects to mouth offering 4G mobile broadband services up to two years ahead of other national wireless carriers.
Under its planned network sharing agreement with Clearwire which was announced measure month. Sprint Nextel currently expects the network buildout to arrive 100 million people by the end of 2008 with Sprint providing coverage to 70 million and Clearwire to 30 million populate. run's coverage is expected to grow to approximately 125 million populate by the end of 2010. At that level of buildout the potential market would include an estimated 48 million U. S households nearly 5 million small office/domiciliate office subscribers and more than 130 million consumer electronics devices.
turn service now available in 20 markets with plans for at least 40 by year-end allows run and its cable partners to carry the benefits of mobility and convergence to their customers by leveraging both landline and wireless networks. Paul Saleh. run Nextel's CFO said the affiliate expects meaningful growth in Pivot subscribers over the next 18 months and that the service is expected to create new revenue streams through new services including remote DVR programming and video-on-demand.
In addition to serving nearly all of the Fortune 500 and thousands of smaller businesses. run's wireline assets are supporting the strong growth in Voice-over-IP (VoIP) services through leading telecommunicate companies and are a cornerstone of the company's strategy to mouth converged services. Saleh added. In the second quarter cable VoIP revenues increased 60 percent annually. The company noted that forecasts label for the overall VoIP merchandise to more than double in the next four years.
Sprint Nextel expects to invest approximately $2.5 billion in capital for WiMAX through year-end 2008. Beyond 2008 network build is expected to be increasingly success-based. The affiliate currently expects that extending its coverage to approximately 125 million people by year-end 2010 would require an additional capital expenditure of approximately $2.5 billion.
About run NextelSprint Nextel offers a comprehensive be of wireless and wireline communications services bringing the freedom of mobility to consumers businesses and government users. Sprint Nextel is widely recognized for developing engineering and deploying innovative technologies including two robust wireless networks serving 54 million customers at the end of the back up quarter 2007; industry-leading mobile data services; instant national and international walkie-talkie capabilities; and a global Tier 1 Internet backbone. For more information tour.
Safe HarborThis news release includes "forward-looking statements" within the meaning of the securities laws. The statements in this news release regarding the business outlook and performance new products and services future communicate capabilities and performance expected investments as come up as other statements that are not historical facts are forward-looking statements. The words "calculate," "project," "anticipate," "plan," "evaluate," "accept," "target," "providing guidance" and similar expressions are intended to identify forward-looking statements. Forward-looking statements are estimates and projections reflecting management's judgment based on currently available information and involve a number of risks and uncertainties that could create actual results to differ materially from those suggested by the forward-looking statements. With consider to these forward-looking statements management has made assumptions regarding among other things customer and network usage customer growth and retention pricing development deployment and operating costs availability of devices the timing of various events and the economic environment.
Sprint Nextel believes these forward-looking statements are reasonable; however you should not displace undue reliance on forward-looking statements which are based on current expectations and communicate only as of the date of this release. Sprint Nextel is not obligated to publicly release any revisions to forward-looking statements to reflect events after the date of this channel. Sprint Nextel provides a detailed discussion of assay factors in periodic SEC filings including its annual report on create 10-K for the year ended December 31. 2006.
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