Sprint, Clearwire Close to Joining Forces

Deal would introduce ultrafast wireless for phones and laptops
By Sam Gale Rosen,  Newser Staff
Posted May 6, 2008 5:13 PM CDT
A Feb. 28, 2008 file photo shows a Sprint store in Los Angeles.   (AP Photo/Reed Saxon, File )
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(Newser) – Sprint and Clearwire are close to a long-awaited deal that would allow superfast wireless access for cellphones and laptops, the Wall Street Journal reports. Investors gave their final approval to the deal today, but the venture still needs regulators' approval. Comcast, Google, Intel, and Time Warner Cable are some of the entities funding the new venture, which takes some pressure off Sprint but doesn't resolve the question of Nextel's fate.