Is the enemy of your enemy your friend? If so, it would explain why Time Warner Cable
Comcast is expected to inject $1 billion or more into a nationwide WiMAX venture, while Warner should contribute around $500 million. Other high-profile partners, according to The Wall Street Journal, include Intel
Conspicuous by their absence from this partnership are the telecoms, other than erstwhile implementer Sprint. Verizon
But as important as the initiative might be for Comcast and friends, it's make-or-break time for Sprint. The flagship cell-phone service is limping badly and forced to make drastic moves to stay relevant to today's discerning mobile consumer. In the long run, Sprint could be forced out of its favorite market. If (some would say when) that happens, Sprint had better have a backup plan, like the WiMAX service.
The talks could still come to naught, says the Journal. Until we know what happens to this crucial project, I wouldn't touch Sprint's stock with a 200-foot cell-phone tower.
Fool contributor Anders Bylund has a position in Google, but in no other companies discussed here. You can check out Anders' holdings if you like, and Foolish disclosure is enjoying its FiOS connection.