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United States federal regulators today gave Sprint
Nextel the green light to spin off and merge its XOHM mobile broadband
network with that of Clearwire. The XOHM brand is expected to remain
as the new entity takes shape. A Clearwire shareholder vote is
planned for later this month.
In a unanimous 5-0 vote Tuesday, the Federal
Communications Commission approved a plan to combine Sprint's mobile WiMAX
network with Clearwire's pre-WiMAX network. Google Inc., Intel
Corp. and a group of cable companies are contributing investors into
the $14.6 billion venture, which will carry Clearwire's name. The
Department of Justice indicated that it will allow the deal to proceed, but
will continue to monitor it for anti-competitive practices. XOHM's first market, Baltimore, accepted its first revenue-bearing customers in October. Washington D.C. and Chicago have been in market test for several months with plans for customer readiness in the next seven weeks. The cities of Boston and Dallas already have WiMAX base stations operating and Baltimore customers can roam into these markets today.  
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Wed, 05 Nov 2008 |
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