NEW YORK (Reuters) - Sprint Nextel (NYSE:S - News) said on Friday that it was reviewing its WiMax business plans as it ended a partnership with Clearwire (NasdaqGS:CLWR - News) on the emerging high-speed wireless technology.
Sprint, which has been criticized by investors for its commitment to spend $5 billion by the end of 2010 on building a WiMax network, said it could not resolve "complexities" associated with the Clearwire partnership and failed to agree on the terms of the transaction.
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