Sprints $5 billion bet on WIMAX
In its most recent press release Sprint announced its ambitious bet on WIMAX, promising to spend $2.5 billion by the end of 2008. It will at that time be able to reach 100 million consumers. Between 2008 and 2011, it hopes to spend another $2.5 billion to extend the WIMAX network depending on demand projections. For all that money spent Sprint is hoping to make $2 to $2.5 billion from the new WIMAX network starting in 2010. Its not a bad return, if the demand pans out.