Thread: Misc Sprint / clearwire FFC OK
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Old 11-04-2008, 04:37 PM   #2
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Quote:
Originally Posted by xbarretx View Post
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.
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