Sprint Nextel and Clearwire have settled their dispute over wholesale pricing, the companies announced today. Sprint uses the nationwide Clearwire network for its 4G WiMax wireless broadband service.
Under the new deal Clearwire will receive at least $1 billion from Sprint in 2011 and 2012. The minimum 4G usage commitment for this year is $300 million and $550 million next year. Sprint will pay $175 million in pre-payment for the service that will be used later this year and beyond.
The companies also worked out an agreement for devices that use both Sprint's 3G network and Clearwire's 4G … Read more