The saga that is Sprint Nextel’s WiMax division is now one step closer to finalizing its merger with Clearwire now that an agreement has been reached with iPCS. iPCS of Schaumburg, Illinois had filed an injunction against the joint venture alleging that the new Clearwire would be violating a deal it has with Sprint Nextel to operate exclusively in some markets. To satisfy the terms of their deal and have iPCS withdraw the injunction, Sprint Nextel promised to give two months notice before they launched services in its markets.
Despite withdrawing the injunction a trial will still go forward in Illinois courts in December to determine whether Clearwire will be able to operate in those markets. What’s next for the Clearwire merger? This Thursday the Clearwire shareholders will vote on whether to approve the merger.
