Sprint’s move to consolidate Clearwire is seen as key to a strategy meant to disrupt the U.S. wireless market, which is dominated by Verizon Wireless and AT&T Inc.
AT&T Inc. said it plans to invest $14 billion over the next three years to significantly expand its wireless and wireline IP broadband networks, dubbed Project Velocity IP, in an effort to support increased customer demand for high-speed Internet.
Verizon Communications Inc. and Comcast Corp. executives defended Verizon’s proposal to buy airwaves from cable companies for $3.6 billion, arguing at a Senate hearing Wednesday that it wouldn’t hurt competition and would improve Verizon’s wireless service.