Sprint Nextel is partnering with Clearwire, a broadband technology company, to build a nationwide WiMax network for cell phones, both companies announced Thursday.

WiMax is a wireless technology that offers high rates of data transfer and a long transmission reach.

The Sprint Nextel and Clearwire mobile WiMax network is set to have speeds comparable to wireline broadband, the type of Internet connectivity commonly accessed by cable lines. Users will be able to use the network for wireless activities such as downloading media files for full-length movies and conducting video conferences.

Pending government approval, the deal is expected to be finalized within 60 days.

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