T-Mobile's Latest Announcement Is Bad News for Sprint

Last week, T-Mobile (NASDAQ: TMUS) announced that it had added an additional 430 markets to its LTE Advanced network. The new LTE Advanced signals allow phones equipped with Qualcomm's Snapdragon Gigabit LTE modems to receive blazing fast wireless speed -- a live demonstration showed download speeds of 611 Mbps. For context, the average mobile download speed in the U.S. is just under 23 Mbps.

The news expands T-Mobile's LTE Advanced footprint to more than 920 markets, more than any other U.S. wireless carrier. But the announcement especially stings for Sprint (NYSE: S), which was recently in talks to merge with T-Mobile before the deal fell through.

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Source: Fool.com