Sprint isn’t in a good place right now. It’s losing customers as its service quality drops and other providers improve and Sprint’s is in a bad financial situation to boot. The cellular arm of the phone giant bet big on WiMAX and repeatedly had to scale the service back.

Sprint has introduced its first 4G/3G modem that can operate both on its 4G WiMAX network and on its nationwide 3G broadband network. The modem connects to a PC via USB and on Sprint’s 4G network provides download speeds of up to 4 Mbps.

The modem will be available on December 21 via Sprint’s business sales department for $149.99 with a 2-year agreement and a $50 mail-in rebate. The biggest catch for those excited about wireless downloads at 4 Mbps is that the WiMAX network is only available in Baltimore right now.

Sprint