Some very large technology and communication players announced that they were investing in mobile broadband technology known as WiMAX.

Sprint is spinning off their broadband services and combining them with Clearwire to form a new company, also known as Clearwire. Google, Comcast, Intel Capital, Time Warner Cable, Bright House Networks and Trilogy Equity Partners will invest a combined $3.2 billion in the new company.

I really hope the other communication networks do come up with an alternative, because this is an area where I'd like to see a lot of competition. Meanwhile, I look forward to seeing what the new Clearwire has to offer.