U.S. telecom companies to join forces on wireless networks
Posted in: Internet Use/New Technologies at 09/05/2008 04:12
A who's who of technology and telecommunications companies plans to announce on Wednesday they intend to build the first of a new generation of nationwide wireless data networks in the United States, according to several people briefed on the deal.
The consortium includes a disparate group of partners: Sprint Nextel, Google, Intel, Comcast, Time Warner and Clearwire. The partners have put the value of the deal at $12 billion, a figure that includes radio spectrum and equipment provided by Sprint Nextel and Clearwire, and $3.2 billion from the others involved.
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Sprint Nextel plans to announce as early as today a joint venture with Clearwire to build a nationwide wireless network to provide high-speed Internet connections for laptops and cellphones, according to several sources familiar with the talks.