Wednesday May 07, 2008 -- Sprint Nextel and Clearwire have officially announced the merger of their WiMax networks. A move that will help both companies expand the reach of their high-speed wireless network.
Sprint and Clearwire have both agreed to use the name "Clearwire" for the network. The new program also includes contributions from some of America's top companies including Time Warner, Intel, Google and Comcast. Outside contributions are said to total $3.2 billion.
Upon finalization of the agreement Sprint will be the majority shareholder within the organization with a holding of 51%, Clearwires own investors will control 27% of the Clearwire network, while the above mentioned outside investores will control 22% of the newly founded company.
Under the agreement the cable companies involved will have the option of selling Xohm WiMax services to their cable customers for use on Clearwire. While the focus has remained on cellular device use, its also important to realize that the move will also allow for access to laptop and other electronic device users.
Clearwire will officially form sometime in Q4 2008, while plans for a full release outside of the existing test market base have yet to be solidified.
For more information visit Sprint
| Keywords : Sprint Nextel, Sprint Wireless, Clearwire, WiMax, Sprint Clearwire WiMax, XOHM, XOHM WiMax, Cellular News, Cell Phone News, Cellular Data, Cellular Internet, Sprint Nextel Internet |
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