Sprint, Clearwire Complete WiMAX Merger
Clearwire and Sprint Nextel have completed the combination of their wireless services in an effort to deploy a next-generation, 4G network across the country, PC Magazine reports.
“The deal closed according to the terms laid out in May, which includes a $3.2 billion cash infusion from Comcast, Intel, Time Warner Cable, Google and Bright House Networks,” the article said. “Sprint contributed all of its 2.5 GHz spectrum and its WiMAX-related assets, including its XOHM WiMAX business, to Clearwire.”
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