Sprint & Clearwire kiss and make up

According to a report today from the Wall Street Journal, Sprint and Clearwire’s ongoing feud over financial and technological commitments has been settled for now, with Sprint agreeing to four-year deal that includes a $1.6 billion cash infusion in the WiMax wholesaler.

Sprint’s commitment to building out an LTE network appears unchanged, which means that the wireless carrier will have to support two high-speed networks for the foreseeable future.  The details of the agreement will allow Sprint to continue to sell lower-cost smartphones that run on the WiMax network while providing Clearwire with a much-needed capital infusion.

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