Sprint and Clearwire partner up on WiMax
Kansas City (MO) – Sprint Nextel will be teaming up with Clearwire Corp. to rollout a nationwide WiMax network. The partnership will allow Sprint to split costs and management responsibility of the network which is projected to cost $3 billion to build.
Sprint will pay 70% of the costs, while Clearwire will pay the remainder. The partnership will last 20-years and will include 3 10-year renewal periods.
Read more … AP via Forbes.