Rumors or fact by Claudia Sonea

On Tuesday, The Wall Street Journal posted on its Web site details of a deal between Sprint Nextel Corp. and a group formed by Comcast Corp, Google Inc, Time Warner Cable Inc, Bright House Networks, Intel Corp., and Clearwire Corp. Still, none of these cable companies and Internet leaders have made public such a deal and there are only mere supposition that they will do it on Wednesday morning. It is a deal that involves a $12 billion investment in the creation of a national network using WiMax technology (the Worldwide Interoperability for Microwave Access- a technology delivering wireless broadband access) instead of cable or DSL. One of the largest telecommunications companies in the US will merge one of its products, WiMax, with Clearwire, a wireless broadband Internet service provider available in the United States, Ireland, Belgium, Denmark and Mexico. The new company will keep the name of Clearwire, but will have Sprint as the majority, according to the posting. The cable companies had a project with Sprint called “Pivot” that failed because it involved co-branded cell phones that lacked marketing and operations control which WiMax will give them. In addition this technology offers faster download speeds than cell-phone networks and is even better than DSL. Funding was the only part missing from the project, but that was solved too with Comcast investing more than $1 billion, Intel $1 billion, Time Warner Cable of New York $550 million, Google $500 million and Bright House's contribution is $100 million. What The Wall Street Journal reveals is that Sprint wasn’t the first choice and talks between cable companies and AT&T Inc. and Verizon Wireless took place. Good thing for Sprint that the talks were unsuccessful, that is if indeed the deal happened.

related story: http://news.yahoo.com/s/ap/20080506/ap_on_hi_te/wimax_funding;_ylt=AngBMZLrWseA.sq4F9nc0sOs0NUE

by Claudia Sonea for PocketNews (http://pocketnews.tv/)

PocketNews is a new real-time news broadcaster delivering the latest and hottest news right to your pocket ! With global clients who want to be kept up to date, PocketNews is everyone's way of keeping in touch with the World.<br><br><font size=2>These news are brought to you by CantellTV, its technology partner SigEx Telecom and its founder Chris Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers. Chris Cantell retains consulting arrangements with several pre-IPO companies.</font><br>

Edited by: Katarina Zerzanova