FCC approves Sprint-Clearwire WiMAX combo

The FCC unanimously approved the merger of Sprint Nextel's Xohm WiMAX business with Clearwire, saying the combination would spur competition in the mobile broadband market and accelerate the buildout of advanced technology.

Commissioner Deborah Taylor Tate said the competitive analysis of the deal was straightforward and that the new company "could be a textbook example of the new third pipe we have been looking for."     

Sprint and Clearwire Corp. announced in May that Sprint would be merging Sprint's Xohm business with Clearwire to create a new company. The new company, also called Clearwire, will have a $3.2 billion investment from Intel, Google, Comcast, Time Warner Cable, Bright House Networks and Trilogy Equity Partners.

For more:
- check out FierceWireless

Related articles:
Introducing the "new" Clearwire
FCC to vote on Verizon-Alltel, Sprint-Clearwire mergers
Curious about Clearwire?
Are Kevin Martin's wireless broadband dreams in peril?

FREE DAILY NEWSLETTER

Like this story? Subscribe to FierceWireless!

The Wireless industry is an ever-changing world where big ideas come along daily. Our subscribers rely on FierceWireless as their must-read source for the latest news, analysis and data on this increasingly competitive marketplace. Sign up today to get wireless news and updates delivered to your inbox and read on the go.