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Sprint, Clearwire broadband deal gets FCC approval
posted 5:23 pm Tue November 04, 2008
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Washington - Federal regulators are giving Sprint Nextel Corp. the green light to spin off and merge its new WiMax wireless broadband network with that of Clearwire Corp. p>In a 5-0 vote Tuesday, the Federal Communications Commission approved a plan to combine Sprint's Xohm network with Clearwire's WiMax-like network. Google Inc. Intel Corp. and a group of cable companies are investing billions into the $14.6 billion venture, which will carry Clearwire's name.The Justice Department has already indicated that it will allow the deal to proceed, but will continue to monitor it.
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