WiMax finally see’s light at the end of tunnel: Sprint & Clearwire

Let’s face it, the WiMax technology has been no picnic for any company large or small.  After repeated failed attempts around the world from multiple companies WiMax may finally see the light at the end of the tunnel.  The WiMax joint venture, which is expected to be announced today is official.  Sprint’s WiMax division is merging with Clearwire to form a single WiMax company called… Clearwire!  But Spring will own most of it.  Google, Intel, Time Warner, and Comcast will also be contributing in ways to help out the project.  Besides chipping in a cumulative $3.2 billion they will contributing in a bunch of other ways which are explained more in the press announcement.  You can check out the press announcement here.