Clearwire, Sprint Nextel to Form Wireless Company

Summary


KANSAS CITY, Mo. (AP) - Clearwire and Sprint Nextel said Wednesday they will combine their wireless broadband units to create a $14.55 billion communications company.

The new company, which will retain Clearwire's name, will continue developing a mobile network based on WiMax technology, which promises faster speeds than the latest cellular networks for movies, games and other data services.

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Extract


Clearwire, Sprint Nextel to Form Wireless Company

A group of outside investors, including Intel Corp., Google ...

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