Sprint and Clearwire tie the knot on WiMAX, new company to launch end of year

Sprint and Clearwire are combining their WiMAX businesses and plan to create a new company that will go live by the end of the year which will retain the Clearwire name. Intel, Google, Comcast, Time Warner Cable and Bright House Networks will be investing $3.2 Billion into this new company and will split 22% of it among themselves. Clearwire will have will have a 27% stake in the new company and Sprint will control the remaining 51%. All the interesting quotes from all the C level executives involved can be read in the press release here . No word when this network will go live. The fact that Sprint is at the helm makes me a bit … well something tells me this will be the biggest disaster of the upcoming decade. --- Related Articles at IntoMobile:

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