xbarretx
11-04-2008, 04:35 PM
http://www.kansascity.com/382/story/874536.html
Sprint-Clearwire deal OK’d
Federal regulators are giving Sprint Nextel Corp. the green light to spin off and merge its new WiMax wireless broadband network with that of Clearwire Corp.
In a 5-0 vote this afternoon, the Federal Communications Commission approved a plan to combine Sprint’s Xohm network with Clearwire’s WiMax-like network. Google Inc., Intel Corp. and a group of cable companies are investing billions into the $14.6 billion venture, which will carry Clearwire’s name.
The Justice Department has already indicated that it will allow the deal to proceed, but will continue to monitor it.
Sprint-Clearwire deal OK’d
Federal regulators are giving Sprint Nextel Corp. the green light to spin off and merge its new WiMax wireless broadband network with that of Clearwire Corp.
In a 5-0 vote this afternoon, the Federal Communications Commission approved a plan to combine Sprint’s Xohm network with Clearwire’s WiMax-like network. Google Inc., Intel Corp. and a group of cable companies are investing billions into the $14.6 billion venture, which will carry Clearwire’s name.
The Justice Department has already indicated that it will allow the deal to proceed, but will continue to monitor it.