Sprint and Clearwire to Launch WiMax Joint Venture
TheStreet's Scott Moritz broke the news on Friday that Sprint and Clearwire "are close to announcing the formation of a WiMax joint venture funded in part by a $2 billion injection from Intel."
"The deal, which could be announced in the next few days, would create a new company that combines Sprint's licenses in the 2.5-gigahertz wireless spectrum and Clearwire's spectrum in the same and adjoining air waves," Moritz writes.
"Last November, Sprint Nextel and Clearwire cancelled plans to jointly roll out a nationwide WiMax network, although both companies have remained committed to the technology," notes Cellular-News. "Sprint Nextel has come under investor pressure to either scrap its WiMax plans, or to push ahead and renew the agreement with Clearwire."
More here from Electronista … more here from TeleGeography … more here from the Seattle Times … and more here from InformationWeek.