Sprint set to announce $12 billion WiMAX deal?
According to a story over at The Wall Street Journal, Sprint is getting ready to announce a $12 billion WiMAX deal with Sprint merging its XOHM wireless broadband division with Clearwire, then taking $3.2 billion in investments from several other companies to build up WiMAX.
The companies reportedly ready to contribute are:
- Comcast for $1.05 billion
- Intel for $1 billion
- Time Warner Cable for $550 million
- Google for $500 million
- Bright House for $100 million
If you subscribe to WSJ you can login and see the whole story here.