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Sprint To Sell High-Speed Wireless Services

The Overland Park, Kansas company said it expects to spend the bulk of the $1 billion it has earmarked for the upgrade to high speed servcies in 2005. It had previously expected to evenly spread the investment between 2005 and 2006.

Sprint’s acceleration of its development plans pits it directly against Verizon Wireless which plans to offer high-speed services in one third of its network later this year and across the country by the end of 2005.

Both companies are using a technology know as EV-DO, which lets consumers surf the Web on mobile phones at speeds that are comparable to broadband links to the home such as DSL and cable modem services.