Ericsson, Sprint Enter AgreementEricsson, Sprint Enter Agreement

STOCKHOLM -- Sprint (NYSE:S) is breaking away from competitors today with a unique wireless and wireline network services agreement with global leader Ericsson (NASDAQ:ERIC).

The seven-year agreement, matching Sprint’s telecommunications leadership with Ericsson, enables Sprint and its millions of customers to enjoy a network services model that is proven successful worldwide and praised by business experts and communications analysts, as an operational best practice for network operators.

Sprint’s Steve Elfman, President of Network Operations and Wholesale, believes the historic deal, titled “Network Advantage,” catapults the company to elite status in wireless and wireline network effectiveness.

“No other U.S.-based carrier has followed through on the business-enhancing vision inherent in Network Advantage. Our best-ever network performance will become even better by leveraging Ericsson’s world-class leadership in network services, their proprietary tools, and the knowledge of more than 30,000 dedicated and highly-specialized service professionals to power Sprint’s Now Network,” said Elfman.

Sprint Corp. (NYSE: S)

Ericsson AB (Nasdaq: ERIC)