RSS RSS Twitter Twitter
electronista

11/20/2008, 4:45pm, EST

Thursday, November 20th

Clearwire shareholders approve Sprint WiMAX deal

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.


Filed under: industry
Other story tags: AT&T, sprint, Yahoo, WiMAX, Xohm, Clearwire

, , comment, del.icio.us, slashdot, digg, buzz , Twitter
post a comment
Reader Reactions (Please use <i></i> for italic text)

subscribe to comments
for this article




Expand All   Global Settings
Be the first to post comments on this story.
Your Comments

In order to post comments: If you are a registered member, please login with your MacNN Forums username and password otherwise please uncheck the checkbox below.


Registered Member?
macnn forums login:

macnn forums password:

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

www.cashforiphones.com - Sell your iPhone or iPod today! Get an instant online quote. Top cash, FREE shipping.

Internet Marketing School - 100% Online: Master SEO, SEM, E Commerce, Media & More with a U of San Francisco Certificate.

Buy from The Apple Store, iTunes.com, Amazon.com, TechDepot, OfficeDepot, Computers4Sure, or donate.