Thursday, July 19, 2007

Sprint, Clearwire to build national WiMAX network | Tech&Sci | Technology | Reuters.com

Never underestimate Craig McCaw... 

Sprint Nextel Corp. (S.N: QuoteProfile , Research) and Clearwire Corp. (CLWR.O: QuoteProfile , Research) plan to build a U.S. nationwide mobile broadband network using WiMAX technology that will be five times faster than current wireless networks and cost less.

The announcement by the two companies on Thursday sent shares of Clearwire, which was founded by wireless pioneer Craig McCaw, up 32 percent. Sprint shares rose 1.5 percent.

Sprint, Clearwire to build national WiMAX network | Tech&Sci | Technology | Reuters.com

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