Amol Sharma

Big Tech Firms to Invest in Wireless

The race to bring consumers ultrafast wireless Internet service is on. As early as Wednesday, an unlikely alliance of titans from the cable, Internet and chip industries will disclose they are investing $3.2 billion in a company that will deliver Web access for cellphones and laptops at speeds much faster than what is available today using a technology called WiMax.

Sprint Mulls Shedding Nextel Unit

Wireless provider Sprint Nextel Corp. is considering spinning off or selling its ailing Nextel unit. The move would be a dramatic acknowledgment that Sprint's $35 billion acquisition of Nextel Communications in 2005 has been a failure.

Comcast, Time Warner Cable in Wireless Talks

According to unnamed sources, the two biggest U.S. cable providers, Comcast Corp. and Time Warner Cable Inc., are discussing a plan to provide funding for a new wireless company that would be operated by Sprint Nextel Corp. and Clearwire Corp.

Syndicate content