WiMax Is Brought Back From the Dead
Call it FrankenMax. A new effort to get WiMax up and running looks like a monster assembled in somebody's basement—probably the basement of Sprint Nextel as it was flooding with red ink.
Sprint said it would join forces with Clearwire, the other big player in WiMax. The new technology for years has promised to deliver broadband speeds over a wireless network, and it was feared dead as problems mounted at Sprint.
The combined WiMax venture will also get $3 billion from new partners Google and Intel, along with a number of cable companies.
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