Comcast, Time Warner eye wireless plan
 

NEW YORK - Comcast Corp. and Time Warner Cable Inc. are discussing a plan to fund a new wireless Internet venture that would be run by Sprint Nextel Corp. and Clearwire Corp., The Wall Street Journal reported late Tuesday.

The partnership would create a nationwide network using WiMax technology, which promises faster wireless Web connection speeds for laptops and cell phones than mobile operators' third-generation networks.

Under the plan, Philadelphia-based Comcast, the nation's largest cable operator, would put up as much as $1 billion, while No. 2 Time Warner Cable would add $500 million, the Journal reported, citing unnamed people familiar with the matter. Another cable operator, Bright House Networks, would contribute $100 million to $200 million, the Journal said.
____________
*Source: Yahoo (http://news.yahoo.com/s/ap/20080326/...s1eP2esjtBAF)*

More...