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Sprint Nextel (S Quote) and Clearwire (CLWR Quote) have finally reached a deal that will combine their wireless broadband businesses in a new communications company.
The new company, which will be named Clearwire, will deploy the first nationwide mobile WiMax network, considered a fourth-generation wireless technology that features fast data transfers over long distances.
Sprint and Clearwire said they have received $3.2 billion in investments for the joint venture from Intel (INTC Quote), Google (GOOG Quote), Comcast (CMCSA Quote), Time Warner Cable (TWC Quote) and Bright House Networks. ...
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