The on again, off again Sprint - Clearwire deal is on again.

The Wall Street Journal is reporting that the two companies have agree to merge thier wireless units with the help of investments from a few outsiders with Wimax interests.

Sprint has agreed to merge its wireless broadband unit with Clearwire, a Kirkland, Wash., firm founded by cellphone pioneer Craig McCaw. The new company has raised a total of $3.2 billion in outside financing from several heavyweights – $1.05 billion from cable provider Comcast Corp., $1 billion from Intel Corp., $550 million from Time Warner Cable Inc. and $500 million from Internet giant Google. (Wall Street Journal)

Let’s hope that a merged entity will get things moving better than the 2 parts have so far. A little real boradband competition in a few markets could radically change things for the consumer….. for the better.