Printed from http://www.electronista.com

Clearwire shareholders approve Sprint WiMAX deal

updated 04:45 pm EST, Thu November 20, 2008

Clearwire Sprint deal a go

A merger between telecommunications companies Sprint and Clearwire announced back in May could be completed before year's end, as Clearwire's shareholders have approved the deal today, according to a Thursday report. Earlier this month, the FCC approved the merger as well, bringing the $14.6 billion venture one step closer to completion. The new company, also called Clearwire, will work on developing a mobile network based on WiMAX technology that promises wireless data transfer rates faster than any current network, approaching wired broadband speeds.

Sprint currently offers the WiMAX broadband network in Baltimore, MD under its Xohm brand. The deal has been opposed by competitor AT&T, which says the two companies have avoided full government scrutiny necessary to go ahead with their project, giving them an unfair advantage over AT&T and other carriers. Google, Intel and an unnamed group of cable companies will also invest in the newly formed Clearwire company.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

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

toggle

Network Headlines

toggle

Most Popular

Advertisement

Recent Reviews

Lenovo Yoga Tablet 2 (Android, 10.1-inch)

Lenovo is building a bigger name for itself year after year, including its devices expanding beyond desktop computers. The company's l ...

Brother HL-L8250CDN Color Laser Printer

When it comes to selecting a printer, it's not exactly something most people put a lot of thought into. Printers are often touted as f ...

Moshi iVisor AG and XT for iPad Air 2

Have you ever tried to put in a screen protector that relies on static to cling to the screen? How many bubbles and wrinkles does it h ...

Advertisement

toggle

Most Commented

 
toggle

Popular News