Sprint looking for WiMAX investors

Reuters is reporting that Sprint (NYSE: S) is entertaining the possibility of joining forces with cellphone pioneering firm Clearwire Corp. to finance the build-out of the much-touted WiMAX network. Sprint has already earmarked over $3 billion for its WiMAX infrastructure and it may be hurting for some cash after that expensive buyout. It’s understandable that investors might be a little concerned at the rate that Sprint is burning through cash – which may have motivated Sprint’s search for WiMAX partnerships.

Clearwire Corp. is already a high-speed wireless network operator and puts the company in a position of experience to help Sprint with its inevitable WiMAX growing pains.

Sprint might do well to team up with an experienced operator. Especially since that would take the load off of its cash reserves – we all get a little jumpy when the bank starts to run dry.

[Via:Â PhoneScoop]