CNNMoney.com
Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Money Magazine Real Estate Taxes Jobs Ask the Expert Money 101 Autos Mutual Funds The Help Desk Loan Center Best Places to Live Ask the Expert Ultimate Guide to Retirement Retirement Calculators Best Funds Best Places to Retire Fortune Brainstorm Tech Apple 2.0 Blog Big Tech Blog Sectors and Stocks Tech Talk Resource Guide Small Business Makeovers Questions & Answers Small Business Video 100 Best Places to Launch FSB 100 Fortune Small Business Fortune 500 Brainstorm Tech Investing Management C-Suite Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts
Other cable firms may join Sprint venture
The telecom provider has teamed with four cable outfits to package television and wireless services together.

ATLANTA (Reuters) - Sprint Nextel Corp., the No. 3 U.S. wireless service, has seen interest from other cable television companies wanting to join its venture with four cable TV providers, its top executive said Monday.

In November Sprint (Research) revealed a $200 million venture with the four operators - Comcast Corp. (Research), Time Warner (Research) Cable, Cox Communications Inc. and Advance/Newhouse Communications - to combine cable TV and wireless services.

The venture is aimed at helping cable companies, which now provide telephone and Internet services as well as TV, compete better with regional telephone providers, which are starting to sell television services in some markets.

Other cable companies are also hoping to become part of the venture, Sprint's Chief Executive Gary Forsee said.

"There are others in the cable industry ready to sign on," Forsee said at the annual cable show sponsored by the National Cable & Telecommunications Association.

He did not name the others.

Forsee also repeated Sprint's plans to spend about $7 billion this year on its wireless services. The budget includes about $6.3 billion on network equipment and about $800 million of costs related to an airwaves swap Sprint is undertaking.

"We're going to spend $7 billion this year to improve and create a better mobility experience," Forsee said in a panel discussion at the conference.

__________________________________

Cablevision's DVR draws programmers ire. Click hereTop of page

YOUR E-MAIL ALERTS
Follow the news that matters to you. Create your own alert to be notified on topics you're interested in.

Or, visit Popular Alerts for suggestions.
Manage alerts | What is this?
© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.