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Sprint (S Quote) and Clearwire (CLWR Quote) are close to announcing the formation of a WiMax joint venture funded in part by a $2 billion injection from Intel (INTC Quote), say people close to the companies.
The deal, which could be announced in the next few days, would create a new company that combines Sprint's licenses in the 2.5-gigahertz wireless spectrum and Clearwire's spectrum in the same and adjoining air waves.
Additional financing is also expected from other firms, say these same sources. ...
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