Clearwire (CLWRD) and Sprint Nextel (S -12.2%) close their multibillion dollar WiMAX JV, which...

|About: Sprint Corporation (S)|By:, SA News Editor

Clearwire (CLWRD) and Sprint Nextel (S -12.2%) close their multibillion dollar WiMAX JV, which combines the companies' wireless internet businesses and aims to begin rolling out the first nationwide 4G mobile broadband network in early 2009.