Weeks after a planned partnership to build and operate a next-generation WiMAX network with Clearwire fell through, Sprint Nextel is looking for investors and is considering a spinoff of its nascent high-speed wireless operation, reports Reuters. Acting CEO Paul Saleh yesterday said the company was considering options for a WiMAX unit that could take “various forms.”
Sprint planned to spend $5 billion with Clearwire on a nationwide network to deliver fast mobile web service. Experts said Sprint, the third-largest cell carrier in the US, was wise to consider a spinoff. “There have always been concerns they were jumping into this headlong,” said one. Sprint plans to offer WiMAX service in Chicago and Washington, DC, this year.