Sprint Nextel and Clearwire merge WiMAX networks

http://tinyurl.com/6glvzc

[quote]
After months of rumors and speculation, the deal that the mobile WiMAX
industry has been hoping for finally became a reality. Sprint and
Clearwire announced that they will be combining their WiMAX businesses
and creating a new company that will include a $3.2 billion investment
from Intel, Google, Comcast, Time Warner Cable, Bright House Networks
and Trilogy Equity Partners.