Home Alone: Sprint and Clearwire Team Up....Hard to say what it means, looks to me like Sprint is getting ready to spin off the WiMax project, but in any event this leaves NextWave all alone....HF
marketwatch.com
Sprint Nextel, Clearwire plan nationwide WiMAX network
By Steve Goldstein
Last Update: 6:22 AM ET Jul 19, 2007
LONDON (MarketWatch) -- Sprint Nextel (S : Sprint Nextel Corporation annd Clearwire
CLWR24.78, -0.26, -1.0%) said they plan to jointly construct the first nationwide mobile broadband network using WiMAX technology, and promote the global development of WiMAX-based services. The arrangement is subject to the execution of definitive agreements, which are expected to be finalized within the next 60 days. It is also subject to review by the Department of Justice, and approval of spectrum license assignments and transfers by the Federal Communications Commission. Under the network build-out plan, Sprint Nextel will focus its efforts primarily on geographic areas covering approximately 185 million people, including 75% of the people located in the 50 largest markets, while Clearwire will focus on areas covering approximately 115 million people. Sprint Nextel and Clearwire will market mobile WiMAX services under a common service brand, and Clearwire will offer mobile WiMAX services in Clearwire's territories through Sprint Nextel's retail stores, and through its own distribution channels. HF
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