Sprint Nextel (NYSE:S) is reportedly planning to enter the 4G LTE network.

The Springdale, Arkansas based multinational telecommunications company and broad band network provider, Sprint Nextel (NYSE:S), has revealed its plans to step into 4G LTE network.

Steve Elfman, president of network operations at Sprint Nextel (NYSE:S), said that introducing 4G LTE networks is one of Sprint Nextel (NYSE:S) plans to become a strong opponent to other network carriers.

Dan Hesse, CEO of Sprint Nextel (NYSE:S), reported last week that the company will launch a 4G LTE network in 10 markets by the end of June.

Sprint Nextel (NYSE:S) company shares are currently standing at 2.23.

Price History
Last Price: 2.23
52 Week Low / High: 2.1 / 6.45
50 Day Moving Average: 2.53
6 Month Price Change %: -59.4%
12 Month Price Change %: -53.0%