Sprint Nextel (S) Corporation will offer unlimited data service plans to Apple?s iPhone from next month, sources close to Sprint revealed.
Sprint, the third largest wireless carrier in US will struck a deal on this in Mid-October with Apple for its next iPhone model, the iPhone 5, added the sources that prefer to be off the record as the plans are not public yet.
Once the deal is struck, Sprint will be the only operator in US to offer unlimited data service to iPhone for a flat fee. Sprint is looking forward with great expectation on this move as it may draw customers from AT&T and Verizon wireless which already carry the phone.
Sprint already offers unlimited data plans for smart phones such as Research In Motion Ltd. (RIMM)?s BlackBerry and HTC Corp. (2498)?s Evo, which runs on Google Inc. (GOOG)?s Android operating system. Sprint?s unlimited voice and data service costs $99.99 a month.
Sprint, based in Overland Park, Kansas, is struggling to compete against larger rivals and has lost money for 15 consecutive quarters. The addition of the iPhone to Sprint?s lineup will help it win customers, said Matthew Thornton, an analyst at Avian Securities LLC.