FCC hopes to pass two wireless mergers by end of 2008
Filed under: Broadband, Computers | By: Peter Chubb
Posted on: September 30, 2008 | 1 Comment
The FCC (Federal Communications Commission) is hoping to pass two wireless mergers by the end of this year, according to Kevin Martin, the agency chairman. The companies involved in the mergers are Sprint/Clearwire and Verizon/Alltel.
Sprint Nextel and ClearWire announced that they were to merge back in May 2008, for a joint venture in WiMAX. Sprint is to own 51 percent and ClearWire will own 27 percent; the remaining shares will be purchased by Google, Comcast, Time Warner Cable, Bright House, and Intel Capital.
The new service will allow for consumers to download and use any software or application that they wish to use. This will only be subject to reasonable management practices.
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Great to hear FCC approved the deal. Clearwire and Sprint have been working on this for some time and at some point in time they dropped the deal but I’m glad to hear WiMAX will finally go nation wide.
— http://www.WiMAXED.com