Sprint Nextel is nearing a deal to extend its current network-sharing agreement with Clearwire to three to five years, Bloomberg reported today.
The deal would allow Sprint to tap into Clearwire's network and wireless capacity to power its own services. For Clearwire, it provides a measure of confidence in the company's long-term prospects. Sprint, meanwhile, secures another resource as it pursues its own 4G course.
Sprint said yesterday it had reached a non-binding agreement to work together on the technical specifications for Clearwire's planned upgrade to 4G LTE. Sprint CEO Dan Hesse said the agreement serves as … Read more