Google, Sprint, Cable Companies Join Forces On Wireless Internet Initiative
May 13th, 2008 by
Sprint, the troubled, third largest US wireless carrier has been mulling a spin off or sale of Nextel and has been the subject of takeover rumors itself. It had ambitious plans to roll out a national WiMax network that had seemingly been placed on the back burner. However, today, the company announced a major deal involving Intel, Google, Clearwire, TimeWarner Cable and Comcast, which are all investing (roughly $3 billion) in a joint venture that will be majority owned by Sprint.
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