Kirkland & Ellis and King & Spalding have bagged lead roles advising on a $14.5bn (£7.3bn) joint venture between telecoms giant Sprint Nextel and Clearwire Corporation to create a high-speed wireless network dubbed WiMax, writes The American Lawyer.
Under the terms of the deal, Clearwire – which was founded by cell phone and wireless pioneer Craig McCaw in 2003 – will combine its wireless broadband network with that of Kansas-based Sprint Nextel. The long-term aim is to create a national network that can be accessed from laptops and mobile phones.
