Sprint CEO Dan Hesse resigns from Nokia’s board
Dan Hesse, Sprint Nextel’s (NYSE: S) new CEO, has final week resigned his seat on the Nokia (NYSE: NOK) board of directors, according to the world’s largest maker of mobile phones. With Sprint and Nokia basically not doing a restricted bit of trade with each other these days, that is no surprise.
Nokia has never really jumped on the CDMA bandwagon, which is the technical standard Sprint Nextel predominantly uses for its U.S. wireless network. Nokia, though, is a huge supplier of handsets to AT&T (NYSE: T) and T-Mobile USA — two of Sprint’s largest wireless competitors.
The challenge Hesse
That competition, by the way, has punished Sprint in the final year by taking hundreds of thousands of customers absent. Hesse’s challenge will be whether he could manage the existing Sprint-Nextel post-merger mess in progress and get customer additions back on track for the wireless carrier.
Original post by Brian White
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