Sprint, Clearwire To Create New Mobile Broadband Co. "Sprint Nextel Corp. (S) and Clearwire Corp. (CLWR) Wednesday said they will merge their next-generation wireless broadband businesses to form a new wireless communications company.

The new company, which will be named Clearwire, will be focused on expediting the deployment of the first nationwide high-speed mobile WiMAX network.

Intel Corp. (INTC), Google Inc. (GOOG), Comcast Corp. (CMCSK), Time Warner Cable Inc. (TWC) and Bright House Networks will collectively invest $3.2 billion in the new company, based on a target price of $20 a share of Clearwire's common stock, subject to a post-closing adjustment."

Labels: sprint, wimax

  ¶ posted by Jimmie Geddes, Editor @ 5/07/2008 09:39:00 AM