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

Life n Soul 8 Driver Bluetooth headphones

When it comes to music on the go, consumers generally have some options to consider when looking for the best experience. While Blueto ...

Tesoro Tizona G2N Elite gaming keyboard

The market for gaming keyboards is getting crowded, starting off with some fairly simple keyboards and diverging into the land of modu ...

GX Gaming DeathTaker mouse

Gaming is a serious endeavor for many people, driving them to look for the best performance in their system and interface devices. Fro ...

Sponsor

toggle

Most Commented

 
toggle

Popular News