Sprint (NYSE:S) Capex on 'Network Vision' Estimated to Yield Up to $11 Billion

In a move to enhance customer experience, Sprint (NYSE:S) has hired Ericsson, Alcatel-Lucent (NYSE:ALU) and Samsung to re-engineer its wireless network infrastructure.

Dubbed 'Network Vision,' the new network, when completed, will include improvements in data speed, data quality and better in-building coverage.

There will also be a reduction of operating costs and more effective expansion of 4G as a result of the initiative.

All three partners have been designated a specific geographical region to cover.

Sprint has committed about $4 billion to $5 billion over the next several years to implement the changes, which they see as yielding up to $11 billion over a period of seven years.