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From: tech101	5/6/2008 4:56:52 PM
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Sprint, Clearwire reportedly in $12 billion WiMax pact By Rex Crum Last update: 4:39 p.m. EDT May 6, 2008 SAN FRANCISCO (MarketWatch) -- Sprint Nextel Corp. and Clearwire Corp (CLWR) are said to be close to finalizing a $12 billion joint venture to roll out WiMax, an ultra-fast technology for wireless Internet access. The Wall Street Journal reported Tuesday afternoon that Sprint would merge its wireless broadband unit with Clearwire, and that the new company has the financial backing of Intel Corp. Comcast, Time Warner Cable Inc, and Google. The deal would breathe new life into WiMax after Sprint and Clearwire ended a effort to build a WiMax network last fall. marketwatch.com

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