Woww, another wireless company in the US??? Is the wireless market is getting that better?? Lets go to the news. Reuter released a press news saying that Comcast Corp and Time Warner Cable Inc, the two largest U.S. cable operators, are discussing a plan to fund a new wireless company that would be run by Sprint Nextel Corp and Clearwire Corp. Comcast is expected to contribute as much as $1 billion for the wireless venture, which would use emerging WiMax technology for the nationwide venture, said the sources, who were familiar with the deal but not authorized to speak to the media about it.
WiMax is a largely unproven technology that promises to support Internet access at speeds up to five times faster than traditional wireless networks, and can support a range of mobile and video applications. WiMax is a potential substitute for fixed-wire high-speed Internet that, for instance, could be offered across an entire metropolitan region. Time Warner Cable is expected to put in about $500 million, the sources said. These parties are trying to raise $3 billion for the joint venture.But the talks are still in “very early stages,” the sources said and a deal could fail to come to a conclusion and We certainly hope not becasue you know more the service better the chioce.
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