Sprint Nextel, the struggling US mobile network operator, is to outsource the management and day-to-day running of its two nationwide networks to Sweden's Ericsson in a seven-year deal worth between $4.5bn and $5bn.
The deal, believed to be the largest network management deal to date, represents a coup for Ericsson and the latest in a series of moves by Sprint to streamline its operations, stem customer defections and return to financial health.
Sprint, the third-largest US mobile operator, is the first of the large US network operators to adopt the outsourced managed services model, which has become increasingly popular among mobile telecommunications groups in recent years.