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Sprint and Clearwire: It’s Over

November 9, 2007 in Wireless Industry News

A couple of months ago, Sprint Nextel and Clearwire agreed to partner up for 20 years to roll out the WiMax next-generation wide-area network across the entire U S of A.

Sprint Logo

Sprint Nextel and Clearwire terminated a partnership that was supposed to last 20 years.

Unfortunately, thanks to mutual disagreements (which probably have more to do with Sprint’s woes: a consistent loss in wireless subscribers, a risky business strategy, and a disgraced CEO) between the two companies, the partnership failed to materialize.

This was as bad as it gets for Clearwire, whose stock fell almost 20% today on the news.

But the real question is how this will affect the future of WiMax. Sprint claims that it’s still committed to developing the WiMax network, but it’s a little hard to take that position very seriously considering the bomb they just dropped.

But WiMax still has some nice backing from the likes of Intel, Motorola, Nokia, and Samsung, so don’t expect it to just disappear any time soon.

Sprint and Clearwire Kiss Goodbye – Forbes

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