*UPDATE* Sprint and Clearwire ink partnership

The on-again-off-again relationship between Sprint and Clearwire appears to be back on again. The Wall Street Journal is reporting that the two companies will soon announce a $12 billion partnership for their WiMax networks, giving users across the country true high-speed wireless access for their cell phone and laptop. The relationship has some pretty big backers too; Comcast has a $1.05 million stake, Intel $1m, Time Warner Cable $550m and Google is in for $500m.

source: Wall Street Journal (subscription required)

Update: The deal is done.  XOHM is no more, the new company will be called Clearwire despite Sprint's 51% stake.  Existing Clearwire shareholders will own 27%, and the remaining 22% is divvied up between Intel, Comcast, Time Warner Cable, Google and Brighthouse.

source: Business Wire via Engadget