In 2006, Sprint Nextel along with Clearwire announced that it would be investing $3 billion dollars over the following two years to build out its so-called "fourth generation" (4G) network or WiMAx. The proposed network was to cover up to two miles from one base station and deliver speeds of up to 12 Mbps.
Just this month Sprint Nextel and Clearwire have canceled their join agreement to deploy WiMax. The two companies had problems finalizing complex terms of the deal and Sprint Nextel has struggled recently.
Will Sprint go forward with Clearwire? Is this a set back for high-speed wireless internet connections? Is WiMax Dead? Will another player come in to fill this need?
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