Clearwire, Sprint Nextel launches 4G mobile outfit

CLEARWIRE announced it has completed the transaction with Sprint Nextel to combine their next-generation wireless Internet businesses.

According to a press release, the new outfit will keep the Clearwire name and expects to start building the first nationwide 4G mobile broadband network any day now.

Clearwire has cashed a $3.2 billion cheque from Comcast, Intel, Time Warner Cable, Google, and Bright House Networks to build the new network.

Benjamin Wolff, chief executive officer of Clearwire said he was dreaming of the day when people will no longer have to make the choice between speed and mobility, unless they were Kung Fu experts of course.

He said 4G would bring a new mobile Internet experience to customers at speeds previously relegated to fixed locations.

Wolff added that with the US economy going belly up it was a good idea to make infrastructure improvements that can propel the country forward and hatch a few brilliant ideas.

Clearwire Chairman, Craig McCaw said this was the most exciting opportunity in wireless he had seen since the beginning of mobile phones in 1983. The fool. µ