Sprint Nextel edges closer to spinning off WiMax network

Courtesy CNET Tech blog  Tue, 05/06/2008 - 4:28pm

Sprint Nextel and Clearwire are close to announcing a new joint venture that will combine both companies' WiMax assets to create a nationwide broadband wireless network, according to a report from the Wall Street Journal.

The deal, which will be valued at around $12 billion, is being backed by cable ...



 

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