Sprint Nextel, Clearwire form WiMax group with Google, others

AFP, May, 2008

WASHINGTON (AFP) — In a major bet on WiMax wireless Internet, Sprint Nextel and Clearwire said Wednesday they would combine their networks in a new company with investment from Google, Intel and others.

The new company, to be named Clearwire, will deploy a nationwide WiMax network that will "dramatically enhance the speed and manner in which customers access all that the Internet has to offer at home, in the office and on the road," according to a joint statement.

The new firm will have investments from Internet search giant Google, computer chip maker Intel, cable firms Comcast and Time Warner Cable and service provider Bright House Networks. Those firms have collectively agreed to invest 3.2 billion dollars in the new company.

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