| 2008-05-12 13:17:09 By: Ed Sutherland |
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Schaumburg, IL (AHN) - An Illinois wireless provider is seeking a court injunction stopping Sprint creating a company with Clearwire to sell high-speed WiMax service. IPCS is asking the court to declare the proposed company breaks a 1999 exclusivity agreement. IPCS has around 640,000 subscribers in seven states. Last week, Sprint and Clearwire Communications announced plans for a company that would provide nationwide wireless broadband. The company, estimated to be worth $14.5 billion, gained high-profile investors, including Google and Intel. In a statement, iPCs said the pact "is yet another attempt by Sprint Nextel to breach the exclusivity provisions of the iPCS affiliation agreement." Sprint is appealing a court loss that requires it to sell Nextel assets within iPCS' region. Sprint last week sought a judgment from Delware's Chancery Court that would declare the Clearwire venture not a violation of the iPCS agreement.
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