Sprint, Comcast, Google, Time Warner and Intel Join Forces in New Broadband Joint Venture

The race to bring consumers ultrafast wireless Internet service is on.

As early as Wednesday, an unlikely alliance of titans from the cable, Internet and chip industries will disclose they are investing $3.2 billion in a company that will deliver Web access for cellphones and laptops at speeds much faster than what is available today using a technology called WiMax.

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