Sprint's existing contract with Apple will make it possible for the wireless carrier to sell the next generation iPhone, widely expected to launch with LTE 4G connectivity. Reports that an LTE iPhone would cause problems for Sprint may have been exaggerated. Sprint's chief financial officer, Joe Euteneuer, told investors that LTE network development is underway.
Sprint expects to roll out LTE to six major markets by mid-2012, covering 100 million people in the US. Euteneuer said the process will continue until most major markets are covered by LTE this fall, which is when Apple is expected to launch the next iPhone. The remarks published in Dow Jones Newswires claims that Sprint will not be disadvantaged at all when compared to Verizon and AT&T.