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Sprint to Announce New Clearwire Deal
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Sprint is prepared to announce a formal, $12 billion WiMax partnership with Clearwire. Under the terms of the agreement, Sprint will merge its high-speed wireless WiMax network with Clearwire's own WiMax network. The joint venture will provide high-speed wireless data access to both cell phones and laptops. The two companies are also receiving additional funding from several cable operators. Comcast is contributing $1.05 billion, with an additional $1 billion coming from Intel, $550 million from Time Warner Cable, and $500 million from Google.
more info at The Wall Street Journal »
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