Sprint (S) is +7.1% to $4.20 after announcing it will spend up to $5B to improve its network....

|By:, SA News Editor

Sprint (S) is +7.1% to $4.20 after announcing it will spend up to $5B to improve its network. Alcatel-Lucent (ALU), Ericsson (ERIC) and Samsung (SSNLF.PK) will provide the gear and services for the build-out. Sprint expects the financial payback to hit $11B within seven years.