Telecom Auditing Guide | Telecom Expense Management Blog» WiMax http://www.telecomauditguide.com "Telecom Tips and Strategies" by TelCon Associates, Inc. Mon, 02 Apr 2012 13:19:34 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Clearwire and Sprint/Nextel Bet on WiMax in a Big Way http://www.telecomauditguide.com/wimax/clearwire-and-sprintnextel-bet-on-wimax-in-a-big-way/ http://www.telecomauditguide.com/wimax/clearwire-and-sprintnextel-bet-on-wimax-in-a-big-way/#comments Fri, 09 May 2008 14:01:20 +0000 admin http://www.telecomauditguide.com/wimax/clearwire-and-sprintnextel-bet-on-wimax-in-a-big-way/ Clearwire and Sprint/Nextel have agreed to combine their wireless broadband units. The decision will create a $14.5 billion communications company. The new company, which will retain the Clearwire name, will concentrate on rolling out a mobile network based on the new and emerging WiMax standard. WiMax promises faster download speeds than the current standards offered by cell phone carriers. WiMax is seen as a potential competitor even fixed-line broadband.

Some big names have invested billions of dollars on the deal. Google, Comcast, Time Warner, Intel, to name a few are betting on the emerging WiMax standard. These companies will get a 22% stake in the new venture with Sprint/Nextel as the majority owner with 51% of the equity of the company.

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