[BigMike]

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.

This.....should be interesting!


Linky

 

[Mr Tiles]

as long as my nextel still works, I don't care...

 

[BigMike]

as long as my nextel still works, I don't care...

Good luck with that

 

[Mr Tiles]

mutha f&*^#%*(&!

 

[Echo]

p&wnt

 

[gonefirefightin]

sounds like sprint wont be affected

 

[Silver]

Wasn't WiMax supposed to be out already?