Sprint, Clearwire Ready to Form WiMax Network

Thomson Financial
Tuesday, 29 Jan 2008 | 2:45 PM ET

Sprint Nextel and Clearwire are in "advanced discussions" to form a joint venture that would build a high-speed wireless network using WiMax technology, according to a media report Tuesday.

The joint venture would bring in outside funding from companies like Best Buy, Googleand Intel, the Wall Street Journal reported.

The plan could entail spinning off Sprint'sWiMax unit and merging it with Clearwire, the Journal said.

The companies were in similar talks for a cost-sharing project on WiMax last year but the deal was abandoned amid management transitions at Sprint, the report noted.

  Price   Change %Change


Contact Mobile


    Get the best of CNBC in your inbox

    › Learn More
  • Matt Hunter is the senior technology editor at CNBC.com.

  • Cadie Thompson is a tech reporter for the Enterprise Team for CNBC.com.

  • Working from Los Angeles, Boorstin is CNBC's media and entertainment reporter and editor of CNBC.com's Media Money section.

  • Jon Fortt is an on-air editor. He covers the companies, start-ups, and trends that are driving innovation in the industry.

  • Lipton is CNBC's technology correspondent, working from CNBC's Silicon Valley bureau.

  • Mark is CNBC's Silicon Valley/San Francisco Bureau Chief covering technology and digital media.