Sprint commits up to $1.6 billion to Clearwire (Digital Trends)

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Digital Trends - Struggling WiMax operator Clearwire has announced a new deal with majority-owner Sprint that will see the mobile operator sinking up to $1.6 billion into ClearWire during 2012 and 2013 for ongoing WiMax service along with potential equity investments and pre-payments for LTE service. The deal gives Clearwire a much-needed cash infusion with which to add LTE capability to its existing 4G WiMax network. In turn, Sprint gets unrestricted access to Clearwireâ

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