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Sprint Expects Wireless Revenue Increase

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[ Business]

Sprint expects its wireless revenue to go up quite a bit while its local and long-distance services decrease.

Sprint is merging with Nextel in a $33.5 billion deal and the company says that $9.2 billion in cost savings will come from lower equipment spending and administrative cost cuts.

The merger will create the third-largest U.S. wireless carrier in terms of subscribers.

Sprint expects capital spending will reach $4 billion to $4.2 billion this year. Of that, about $2.7 billion to $2.9 billion will be invested in upgrading its wireless network, and another $900 million is planned to expand local DSL service.

Analysts surveyed by Thomson First Call currently see Sprint’s 2005 earnings at $1.38 per share on revenue totaling $28.26 billion.”

The predictions didn’t take into account the Sprint-Nextel merger or Sprint’s planned spinoff of its local business.

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Sprint Expects Wireless Revenue Increase
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