Reston, Va. - Sprint Nextel (NYSE: S) said on Monday that it will cut 8,000 jobs -- about 14% of its workforce -- by the end of March to save about $1.2 billion a year on labor costs. The company said that the affected positions will include all levels of employees, with the impact varying by geographic location. The figure includes 850 positions to be eliminated under a voluntary separation plan started late last year.

Reston, Va. - Completing a deal seven months in the making, Sprint Nextel (NYSE: S) said on Monday that it has officially merged its new high-speed wireless network with a similar network from Kirkland, Wash.-based Clearwire.

Baltimore - Sprint Nextel plans to officially launch its WiMax high-speed mobile Internet service in Baltimore this September, the company's CTO said during a conference in Amsterdam.

Reston, Va. - Following months of negotiations, Sprint Nextel (NYSE: S) said on Wednesday that it will combine its WiMax business with that of Clearwire. The resulting $14.5 billion company, which will retain the name Clearwire, will focus on deploying the first nationwide mobile WiMAX network, which promises wireless speeds comparable to those of broadband. The companies also said they have landed $3.2 billion in investments toward the project from Intel Capital, Google (NASD: GOOG), Comcast (NASD: CMCSA), Time Warner Cable (NYSE: TWX) and Bright House Networks.

Reston, Va. - Unable to agree on the final terms of a deal, wireless giant Sprint Nextel said on Friday that it has scrapped its plan to jointly build its nationwide high-speed WiMax network with telecommunications firm Clearwire.

Reston, Va. - Sprint Nextel said on Thursday that it is working with Google to create a new WiMAX mobile Internet portal. The companies said that the site will feature search, interactive communications and social networking tools.

Reston, Va. - In a major partnership that brings together two rivals, Sprint Nextel said on Thursday that it plans to partner with Clearwire to jointly construct a national WiMAX network.

Warren, N.J. - Virgin Mobile USA, a mobile virtual network operator joint venture between U.K. billionaire Richard Branson's Virgin Group and Sprint Nextel, has filed to raise up to $100 million in an initial public offering on the NYSE.