Telecom equipment maker Nokia Corp. said it will supply network equipment and mobile devices for a next-generation wireless network currently being developed by Sprint Nextel.
The Finnish company will provide equipment supporting Sprint Nextel's goal to build a high-speed cellular network based on the WiMAX standard.
A company of Nokia's global stature fortifies the foundation of Sprint's mobility vision and will help make Sprint's WiMAX multimedia services pervasive and indispensable for customers, said Barry West, Sprint Nextel president.
Sprint Nextel said it is expecting to invest up to $800 million in 2007 and between $1.5 billion and $2 billion in 2008 relating to the WiMAX mobile broadband network.
Under the deal, Nokia will provide Sprint Nextel with network infrastructure and develop and market WiMax -based mobile devices, including multimedia computers.
The value of the deal was not disclosed.