TITLE

Sprint Taps Investors To Launch Mobile WiMAX

AUTHOR(S)
Palenchar, Joseph
PUB. DATE
May 2008
SOURCE
TWICE: This Week in Consumer Electronics;5/19/2008, Vol. 23 Issue 11, p134
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the decision of wireless-broadband provider Clearwire and wireless carrier Sprint Nextel to merge their WiMAX businesses to create a company whose investors will include Intel, Google, Time Warner Cable, Comcast and Bright House Networks. The investors are expected to provide an estimated $3.2 billion of investment to the company, which will be called Clearwire. The creation of Clearwire is promoted as accelerating the introduction of Mobile WiMAX service in the U.S. One of the terms under the agreement mandated that Sprint and the cable companies will enter into wholesale agreements with the company to sell Mobile WiMAX service.
ACCESSION #
32440929

 

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