On Wednesday, Sprint Nextel Corp. and Clearwire Corp. announced they would combine to form a new operation under the Clearwire brand. The new merge will encourage cell phone users to build their lifestyles around the mobile Internet. This will be made possible by Sprint’s WiMax high-speed Internet unit.

So what is WiMax anyway? WiMax is similar to WiFi but faster with more bandwith, meaning it will accommodate more users. WiFi usually covers about a 100 foot range while WiMax has a range of about 30 miles…the size of entire cities. Using the new WiMax Internet, Clearwire said it plans to cover between 120 and 140 million customers by the end of 2010.

For those of you who use AT&T and Verizon services, they're developing their own next-generation broadband technology for mobile phones; but Sprint and Clearwire are about two years ahead of AT&T and Verizon, giving them a substantial advantage.

So what does all of this mean for you Sprint and Clearwire customers?

Here's what they say at Clearwire:

-The new network will provide consumers with real choices for the software applications, content, and handsets that they desire and will expand high-speed wireless Internet access in the United States.

-New applications will be offered on new Sprint handsets such as YouTube videos and Google maps for mobile phones. With Google Maps, you can view maps and satellite imagery, find local businesses, get driving directions, and view real-time traffic information.

-Customers can surf the Web on phones and laptops at speeds comparable to what they get on their home and business computers.

We think this is all great, BUT… 

It is still unclear whether or not the network will launch on time. Remember with any new developments in technology, there is always the risk of technical difficulties that could cause the network to not work as efficiently as planned. Ultimately, the future of the new Sprint Nextel and Clearwire merge depends on whether or not the new corporation will attract consumers to make it a financial success. We'll keep you posted!