LTE can be Sprint’s future network of choice , but WiMAX may be with us for a long time longer. Clearwire provides the Now Nework’s waves of WiMAX, but it’s had recent financial troubles that it claimed could prevent it from creating a required $237 million interest payment due today. However, Sprint has come to Clearwire’s rescue by agreeing to to pay $926 million to maintain the WiMAX network running through 2015. It also pledged to kick in $350 million to assist fund the firm’s shift to LTE , plus another $347 million in equity funding if Clearwire can raise greater than $400 million by itself. Why buy the cow , once you can get the milk free of charge $1.6 billion, right Mr. Hesse?
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