CORRECTION - Sprint and Clearwire seal $14.5 billion WiMax deal

IDG News Service — Wed, 07 May 2008 13:05:47 -0400

Due to a reporting error, the ninth paragraph of the story "Sprint and Clearwire seal $14.5 billion WiMax deal," posted Wednesday, incorrectly stated expectations for the Clearwire network's potential market. The network should cover between 120 million and 140 million potential users by 2010, according to the company CEO.

In addition, the second paragraph misidentified one of the investors in the new company, Bright House Networks.

The story has been corrected on the wire and the second and ninth paragraphs now read:

The new company, which will be called Clearwire, is also backed by Intel, Google, Comcast, Time Warner Cable, and Bright House Networks. They have collectively agreed to invest $3.2 billion into the new company.

The Clearwire network should cover between 120 million to 140 million potential users by 2010, according to Wolff.