The transaction, announced in May, creates a new company valued at $14.5 billion, formed with the WiMax assets of both Sprint-Nextel and Clearwire. The new company aims to create a nationwide broadband wireless network to rival AT&T.
As part of that plan, the new company will retain the Clearwire name and offer mobile WiMax under the Clear brand. Over the coming months, Sprint Nextel's XOHM service will undergo a name change.
The newly … Read more