Clearwire (NSDQ: CLWR) and Sprint (NYSE: S) Nextel confirmed this morning that they have a definitive agreement to combine their WiMax wireless broadband businesses to form a new company with sufficient resources to be a competitive force going forward. The $14.5 billion deal has a little bit of everything with outside investments coming from a wide-range of companies and pacts to use each other’s products for services and devices that promise consumers the future—connecting to the Internet at high speeds while on the go.

Outside investment totaling $3.2 billion comes from Intel (NSDQ: INTC), Google (NSDQ: GOOG), Comcast (NSDQ: CMCSA), Time Warner Cable (NYSE: TWC) and Bright House Networks and Trilogy Equity Partners. In addition to their investments, the companies will be involved commercially as well. Intel, of course, will embed WiMax chips into laptops and mobile devices, while Google will offer a range of internet and advertising applications, including search, its Android operating system and other services.

Extensive coverage at our sister site mocoNews.net.