Sprint rolling out first 4G phone next week

Sprint's billion-dollar investment in ultra-fast mobile technology soon will be paying off. Per multiple reports, Sprint will unveil the first-ever 4G phone next week.

The SuperSonic, made by HTC, will run on Sprint's WiMax network, which currently is available in 27 U.S. cities -- and which to date has been used to power wireless card for laptops.

The WiMax technology allows wireless devices to navigate the Internet at speeds more comparable to hard-wired computers. It means that pages -- like PFT's mobile version -- will load much more quickly.