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New Wimax Talks Light Up Clearwire, Sprint
Sprint (S Quote) may have revived talks with Clearwire (CLWR Quote) over a possible WiMax joint venture.
The two companies are discussing a partnership to build a nationwide mobile broadband network operating on the not-yet standardized WiMax technology, The Wall Street Journal reported Tuesday, citing people familiar with the matter.
The news sent battered shares of Sprint jumping 78 cents, or 7.8%, to $10.75 in recent trading. Clearwire vaulted $2.41, or 19%, to $14.86. ...
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