Sprint and Clearwire scrapped a pact to build a nationwide high-speed wireless
network based on WiMax.
http://online.wsj.com/article/SB119457536653487513.html
The two companies signed a letter of intent in July to pursue the partnership, which they hoped to finalize within 60 days.
But the complexities of the transaction and the departure last month of Gary Forsee as Sprint's chief executive officer made
it too difficult to reach a final pact, the people say.
The unraveling of the preliminary agreement is a blow to Clearwire. The company, founded by cellphone pioneer Craig McCaw,
has staked its future on WiMax, a longer-range cousin of Wi-Fi that can theoretically provide wireless broadband access from
laptops and cellphones at speeds comparable to what cable operators provide.
Frank Muto
President
FSM Marketing Group, Inc
www.secureemailplus.com
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