It's Official: Massive WiMax Deal Closes Merging Clearwire And Sprint With Outside Funding
This story was written by Joseph Weisenthal.
Clearwire (NSDQ: CLWR) and Sprint (NYSE: S) Nextel are announcing early this morning that they have entered into a definitive agreement to combine their WiMax wireless broadband businesses to form a new company that will have sufficient resources to be a competitive force going forward, according to a press release. The deal has a little bit of everything with outside investments coming from a wide-range of companies and pacts to use each other's products for services and devices that promise consumers the futureconnecting to the Internet at high speeds while on the go. Extensive coverage at our sister site mocoNews.net.
By Joseph Weisenthal