Printed from http://www.electronista.com

Sprint nears closure on $12b WiMax deal

updated 06:25 pm EDT, Tue May 6, 2008

Sprint nears deal on WiMax

Sprint is nearing closure on a $12 billion joint venture with Clearwire, backed by industry giants such as Intel, Google, Time Warner, and Comcast, among others. The Wall Street Journal reveals that Sprint would merge its wireless broadband services with Clearwire, after raising a total of $3.2 billion from the aforementioned technology and wireless firms, of which the final approval was given Tuesday. The announcement could come as soon as Wednesday, according to insiders.

The deal still requires approval from regulators, but would give all firms involved a chance to construct the future of mobile internet access, as well as provide the firms with expanded revenue generation by diversifying business stratagems. It also gives WiMax a chance to propagate in the face of competition from Long Term Evolution (LTE).

For Sprint, the deal allows the company to compete with, and surpass in some ways, competitors AT&T and Verizon Wireless, who currently look to 3G wireless standards, offering an eighth of the speed of WiMax.



By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

JBL Synchros E40BT headphones

For all the different configurations of headphones on the market, it's always a tough choice for buyers to get something that is just ...

Razer Taipan mouse

The list of gaming devices is growing larger with each passing day. A large number of companies have entered the gaming input arena, a ...

Cambridge Audio DacMagic XS

Every computer with a microphone or headphone port has one -- a digital to analog converter (DAC). There are nearly as many chipsets a ...

Sponsor

toggle

Most Commented

 
toggle

Popular News