Sprint Corp’s Spring Telecommunications Venture will buy $3,000m of equipment for its US wireless network from competitor AT&T Corp’s network equipment division and Northern Telecom Ltd. AT&T will spin off its equipment operation as Lucent Technologies in the next few weeks and Sprint’s money will go to that rather than to the long distance service business. The Sprint Venture, a partnership of Sprint Corp, Tele-Communications Inc, Comcast Corp and Cox Communications Inc aims to provide the new digital Personal Communications Services in 20 to 25 cities by year-end and has already started in the Washington DC and Baltimore area. The venture companies said they will jointly spend $4,200m building the service by 1997 and have already contributed $2,100m of the total sum.
