Thursday, June 14, 2007

Clearwire in wireless pact with DirecTV, EchoStar

(Reuters) - Clearwire shares jumped 23 percent, also helped by a report in The Wall Street Journal that Sprint Nextel Corp., the No. 3 U.S. wireless service provider, is looking to create a wireless broadband partnership with Clearwire, among others.




Analysts noted Clearwire will offer slower Internet access speeds, and not likely be competitive with cable broadband.


Read more at Reuters.com Hot Stocks News

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