Sprint Nextel has reached a $1 billion credit agreement to finance equipment purchases from Ericsson. The company announced this credit facility with Deutsche Bank and a syndicate of other banks today.

Sprint has elected to exercise its right to terminate the agreement signed in June 2011 with LightSquared. Per the agreement, Sprint agreed to deploy and operate an LTE network capable of utilizing the 1.6 GHz spectrum licensed to or available to LightSquared.

Clearwire plans to roll-out LTE next year. Operator intends to have its first wave of TD-LTE 5,000 cell sites up and running by June 2013, FierceWireless reported earlier. With TDD-LTE rollout, Clearwire expects to capitalize on its deep spectrum resources to deliver on 4G capacity needs over the long-term.

Baltimore and Kansas City will have 4G LTE and upgraded 3G service by mid-2012, Sprint said today. Sprint already have announced plans to offer LTE services in Atlanta, Dallas, Houston and San Antonio by mid-2012. 

After announcing LTE rollout plans last week, Sprint today announced the first set of devices for its 4G LTE network – Galaxy Nexus, LG Viper and Sierra Wireless Tri-Ne

Sprint plans to offer 4G LTE and improved 3G coverage in Dallas, Atlanta, Houston and San Antonio markets in the first half of 2012.

Sprint has achieved a number of milestones in the deployment of Network Vision this year.

According to Sprint CFO Joseph Euteneuer, Sprint will roll out first 4G LTE devices in the second half of 2012.

Sprint Nextel and Clearwire have announced a deal that could give Clearwire up to $1.6 billion over the next four years in payments for WiMAX services, possible pre-pay