It’s Official: Massive WiMax Deal Closes, Merging Clearwire And Sprint With Outside Funding

By Joseph Weisenthal May. 7, 2008, 5:53pm Comments Off

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