Sprint and Clearwire Reached the Ultra-High-Speed WiMax

According to MarketWatch reported:  Third-largest U.S. wireless operator Sprint Nextel and Clearwire the two companies announced the completion of 14,500,000,000 U.S. dollars worth of transactions, will launch high-speed, high capacity mobile Internet network WiMax.

The establishment of the new company name Clearwire, the headquarters remain in Washington, DC, the city of Kirkland. According to media reports, the two companies last Friday in the completion of the transaction. The transaction as early as this year, announced on May 7.

It is reported that, Sprint will be the new company 7,400,000,000 U.S. dollars of investment to the WiMax network Xohm, including the departments of the band, part of the communications spectrum. Clearwire’s investment in the amount of 3,900,000,000 U.S. dollars. In addition, Clearwire from Comcast, Intel, Time Warner, Google and the cable network operator Bright House Networks, and other companies access to 3,200,000,000 U.S. dollars of investment. 

November 20, Clearwire’s shareholders approved the transaction, the transaction on the road to clear the last obstacle. Sprint’s chief technology officer and president of Xohm sector last Friday has been retired to the newly formed company, Clearwire president and chief architect role. Sprint in late September this year, starting in Baltimore WiMax network, Baltimore will be the first of the new technology market. Clearwire’s newly formed company will trade on the Nasdaq market, the first 20 trading days of the transaction code is “CLWRD”, since the code will be changed to “CLWR”. 

Sprint is the nation’s third-largest wireless operator, has about 50,500,000 paying customers.