Sprint And Clearwire Call It Quits

Sprint Nextel and Clearwire said yesterday they were calling off their joint plan to build a national high-speed wireless network using WiMax technology, dealing another blow to Sprint as it struggles to regain its footing.
Sprint has pitched WiMax as core to its strategy, promoting it as a way to let customers surf the Internet on laptop computers, cellphones and other portable devices at speeds up to five times faster than current cellular networks offer.
In a statement, the Reston company said it was reviewing its WiMax business plans, though it "remains fully committed" to the technology and is on track to make it available in Washington, Baltimore and Chicago by the end of the year.
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- Kim Hart

By Dan Beyers  |  November 9, 2007; 8:05 AM ET  | Category:  Sprint
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