Digital Trends - Sprint may be hatching a long term plan with cable companies to invest in and possibly acquire Clearwire, sources tell Bloomberg. The reason is 4G LTE. The cable companies and Sprint want it and Clearwire has a plan to make it happen, but it needs funding. Clearwire, which offers wireless internet service in most major metropolitan areas,Â*has already committed to spending $600 million to upgrade its network from WiMax to LTE, but it will need to spent a lot more to expand that network. Sprint began offering 4G service in partnership with Clearwire in 2010.
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