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Sprint Nextel and Clearwire 4G WiMax Network

Well this is pretty interesting. There is a new joint venture between Sprint Nextel and Clearwire. The project will provide 4G wireless service and will be funded by Comcast and Time Warner. WiMax will be used to create the network. Nearly three billion dollars is needed for the project. Could this save Sprint Nextel? Or will other competitors beat them to the punch?

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