Sprint Announces First WiMax Smartphone, Boosts Itself In Smartphone Market

Sprint (NYSE:S) announced that it is offering the first WiMax smartphone, giving the company a boost in the competitive smartphone market, according to a Daily Finance report. The HTC Evo 4G is the first smartphone designed to run on the 4G WiMax network and is being built by Clearwire (NASDAQ:CLWR).

Sprint is the majority owner of Clearwire.

WiMax is expected to deliver faster wireless speeds at longer distances.