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Alcatel-Lucent, Cisco, Clearwire, Intel, Samsung, Sprint Ally to Form WiMAX Industry Patent Pool
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Intel, Google, Comcast, Time Warner Cable, and Bright House Networks to Invest $3.2 Billion in Combined Company, at Target Price of $20.00 per Share Formation of New Company Brings Together the Nation's Leaders in Communications, Technology Innovation and Entertainment.
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Sprint Nextel and Clearwire have mutually agreed to terminate the Letter of Intent (LOI) signed in July 2007.
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Sprint Nextel (NYSE: S) and Clearwire (NASDAQ: CLWR) plan to jointly construct the first nationwide mobile broadband network using WiMAX technology, and promote the global development of WiMAX-based services.
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