Collapsed deal heavy blow to Clearwire
(NEWSER) - An ambitious agreement between Sprint Nextel and Clearwire to built a nationwide WiMax wireless network, reaching 100 million people by late next year, is on the rocks, insiders tell the Wall Street Journal. The transaction apparently collapsed under the weight of its complexities, aggravated by Clearwire's larger-than-expected third-quarter losses and the recent departure of Sprint's CEO. More»
