Getting your player ready...
Sprint Nextel Corp., the phone company that lost more than a million customers last year, is close to announcing a $12 billion venture with Clearwire Corp. to build a high-speed wireless network, The Wall Street Journal said Tuesday.
Sprint will combine its wireless-broadband business with Craig McCaw’s Clearwire, The Journal reported, citing people familiar with the talks. Comcast Corp., Intel Corp., Time Warner Cable Inc. and Google Inc. will provide financing, The Journal said.
WiMax provides Internet access for mobile phones and laptops across entire cities, instead of limiting them to patches served by wireless-fidelity technology.
