Sprint Nextel (NYSE:S) has decided to launch a 4G LTE network in 2012.

Overland Park based multinational telecommunication company, Sprint Nextel (NYSE:S), has reportedly decided to launch a 4G network in the second quarter of year 2012.

It is reported that Sprint Nextel (NYSE:S) is testing several LTE devices as a part of its service launch.

Sprint Nextel (NYSE:S) haven’t disclosed any details about the cities in which they are going to provide 4G services, and it is also reported that Sprint Nextel (NYSE:S) will use the 800 megahertz spectrum which is now being used by Nextel.

Sprint Nextel (NYSE:S) stocks were at 3.11 at the end of the last day’s trading. There’s been a -41.9% change in the stock price over the past 3 months.

Sprint Nextel (NYSE:S) Analyst Advice
Consensus Opinion: Hold
Mean recommendation: 2.12
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 2.44
Zack’s Rank: 8 out of 41 in the industry