Sprint's long, rocky WiMax journey will end next Nov. 6
Sprint's WiMax network, launched in 2008 as the first commercial 4G system in the U.S., will finally shut down in November 2015.
Sprint's WiMax network, launched in 2008 as the first commercial 4G system in the U.S., will finally shut down in November 2015.
Clearwire's board of directors has unanimously recommended its shareholders reject the takeover bid by Sprint Nextel, which owns roughly half of Clearwire, and instead accept a buyout offer from Dish Network.
Sprint Nextel will spend US$2.2 billion to take complete ownership of Clearwire, a move that will help it expand its network capacity.
Sprint Nextel has offered US $2.1 billion, or $2.90 a share, for the nearly one-half interest in mobile broadband firm Clearwire that the company doesn't already own.
A major investor in WiMax operator Clearwire told the company's board on Thursday to sell its excess spectrum for up to US$9 billion to prevent Sprint Nextel from buying out the company at a discount.
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