Clearwire, Sprint Call Their Deal Off

The recent departure of Sprint CEO, Gary Forsee, is having some far reaching impact. The WiMAX build out between Sprint Nextel and Clearwire is the latest victim as the proposed joint, nationwide WiMAX effort has been dropped.

Sprint’s corporate shake up was not the only reason the proposed venture was nixed,the complexities of the transaction were also cited as a stumbling block. So that leaves the American WiMAX project in a bit of a conundrum, do Sprint and Clearwire go out and forge independent networks or will new bonds form?

In the meantime, WiMAX is progressing nicely overseas, proving that they technology is valid and workable.
Via []

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