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Sprint Forms $14.5 Billion WiMax Joint Venture with Clearwire

Mike Caggeso Associate Editor Trying to disconnect from its downtrodden Wireless business, Sprint Nextel Corp. (S) announced it will merge its high-speed wireless business with Clearwire Corp. (CLWR) – forming a $14.5 billion joint venture that plans to roll out the first nationwide WiMax network.    They'll get a combined $3.2 billion from interested investors […]

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