Technology will be employed for the construction of new wireless Internet network, newspaper says.
NEW YORK (Reuters) — Sprint Nextel Corp. is expected to announce it is choosing the WiMax technology to build a new wireless Internet network in coming years, The Wall Street Journal reported Tuesday, citing sources familiar with the matter.
Sprint’s decision, which could be announced Tuesday, would be a big win for backers of the new technology, such as Intel Corp. and Motorola Inc., and a setback for wireless company Qualcomm Inc., which backs a rival technology, the article said.
WiMax can spread a wireless Internet signal over several miles and is a longer-range version of the popular Wi-Fi Internet technology, the newspaper said.
Building a nationwide WiMax network could cost Sprint $1 billion to $4 billion, the report said, quoting analysts.
No one was immediately available at Sprint to comment on the report.