Sprint and Clearwire are finally getting the ball rolling on their nationwide WiMAX plans. In the deal, Sprint is to merge it’s wireless broadband division with Clearwire. The new entity will still operate under the name of Clearwire. Also, the new entity will remain under the control of the current Clearwire executives. There is a lot more to the puzzle than just Sprint and Clearwire though.

The deal is very high profile. The deal has massive investments from Google, Comcast, Intel, Time Warner, and a smaller investment from Bright House, a smaller cable provider. Under the deal, the three cable companies would be able to rebrand and resell the WiMAX service, under a set of terms and conditions, that have yet to be seen.

[Via Phone Mag]