Two days after rumors circulated that their company might be a takeover target, SprintNextel shareholders how have something new to think about: Sprint and Clearwire combining their WiMax business to create a new mobile broadband company.
SprintNextel may no longer be a takeover target, but Wednesday's announcement that Sprint and Clearwire are combining their WiMax business to create a new mobile broadband company doesn't mean that the problems with Sprint's core business will be resolved.