Spring Nextel (S) and Clearwire (CLWR) are close to announcing a $12 billion WiMax joint venture, the WSJ is reporting.
The story says Sprint will merge its wireless broadband unit with Clearwire; the combined companies will received $3.2 billion in outside financing, including $1.05 billion from Comcast (CMCSA), $1 billion from Intel (INTC), $550 million from [...] ...
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