Sprint, Clearwire reportedly in $12 billion WiMax pact
By Rex Crum
Last update: 4:39 p.m. EDT May 6, 2008Print RSS Disable Live Quotes
SAN FRANCISCO (MarketWatch) -- Sprint Nextel Corp. (S:Sprint Nextel Corporation
CLWR 16.46, +1.29, +8.5%) are said to be close to finalizing a $12 billion joint venture to roll out WiMax, an ultra-fast technology for wireless Internet access. The Wall Street Journal reported Tuesday afternoon that Sprint would merge its wireless broadband unit with Clearwire, and that the new company has the financial backing of Intel Corp. (INTC:Intel Corporation
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4:20pm 05/06/2008
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INTC 23.58, +0.33, +1.4%) , Comcast Corp. (CMCSA:comcast corp new cl a
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Last: 21.85+0.22+1.02%
4:00pm 05/06/2008
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CMCSA 21.85, +0.22, +1.0%) , Time Warner Cable Inc. (TWC:time warner cable inc cl a
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4:04pm 05/06/2008
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TWC 29.41, +0.26, +0.9%) and Google Inc. (GOOG:google inc cl a
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Last: 586.36-8.54-1.44%
4:00pm 05/06/2008
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GOOG 586.36, -8.54, -1.4%) . The deal would breathe new life into WiMax after Sprint and Clearwire ended a effort to build a WiMax network last fall. Community
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Companies in this story Sprint Nextel Corporation (S)
Clearwire Corp (CLWR)
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