Sprint Nextel Corporation (NYSE:S) has been working to make itself more competitive in the wireless marketplace, and Samsung Electronics Co. Ltd. is looking to move on after its patent-infringement trial loss in the U.S. a couple weeks ago. To try to make a splash, Sprint Nextel announced that it will begin offering the 4G LTE Samsung Galaxy Victory smartphone starting Sunday for $100 with a two-year contract (after a $50 mail-in rebate, by the way) .
The Galaxy Victory by Samsung is considered a mid-range device for those who don’t need all of the features of a top-line smartphone. It has 4G LTE network capability, which Sprint Nextel Corporation (NYSE:S) has been working to expand and roll out across the country, though it is about a year behind market leader Verizon Communications Inc. (NYSE:VZ). Sprint Nextel now has SprintID on select smartphones, including the Galaxy Victory. SprintID allows users to personalize their Android-based smartphones with apps, widgets, wallpapers and ringtones.
Sprint Nextel Corporation (NYSE:S) is continuing to be aggressive in developing a lineup of 4G LTE phones even as its rollout moves on in stages. Currently available in 19 cities, the 4G LTE network is building out in 100 more markets beginning this week, with the expectation by the company that full implementation will be available by the end of 2013.
As a mid-range phone, the Victory will have a 1.2 GHz processor, a 4-inch display, a 5-megapixel camera for video, a 1.3-megapixel camera and will run Android 4.0 Ice Cream Sandwich. Sprint Nextel Corporation (NYSE:S) has shown a lot of determination to rise up the ranks of wireless carriers with many of its moves in the past few months, and continuing to add to its 4G LTE stable of phones continues to show a commitment to the company’s long-term health and success as 4G LTE becomes the new standard in wireless communications in the U.S. Investors in Sprint Nextel Corporation (NYSE:S) stock like hedge-fund manager David Einhorn of Greenlight Capital would be interested in seeing Sprint Nextel’s growth in the market.