Posted on January 29, 2008 at 4:56 PM
Filed under: Joint Ventures and Alliances
Tagged: Clearwire , Joint Ventures and Alliances

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Sprint Nextel Corp. hasn't given up on its WiMax venture. According to the WSJ, Sprint is talking with startup Clearwire about forming a WiMax joint venture that could also involve other players, including Intel Corp. and Google Inc. A month after the CEO-less cellular giant's talks with Clearwire fell apart in November, Dan Hesse took the helm at Sprint as president and CEO. He recently announced a management shakeup at the firm, part of a broader streamlining process that the firm hopes will bring profitability in 2008. This is also part of the reason for the recent uptick in Sprint's lagging stock.

For a detailed background on this WiMax venture, see this CD magazine feature, Team WiMax. - Baz Hiralal


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