After receiving approval from the FCC and shareholders, the Sprint and Clearwire merger has been finalized. Sprint has gone and contributed all its Xohm WiMax assets to Clearwire, and in addition, Clearwire has received $3.2 billion worth of investments from companies such as Comcast and Google. The merger will allow Sprint to shift its focus on its own network, namely Nextel and the slowly dying iDen, while Clearwire will handle most of the WiMax business and keep its name and headquarters in Kirkland, Washington. On December 1, 2008, Clearwire will hold a conference discussing its future and giving analysts a look into the company’s plans. Should things go well, we could be seeing WiMax networks spreading rapidly in 2009.
Sprint and Clearwire finalize merger, spread of WiMax to follow soon
Updated Dec 19th, 2018 6:09PM EST
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