Clearwire and Sprint’s big bet on Wimax is now officially on its way, as the two have completed the deal to combine their Wimax (what they call 4G) efforts. The announcement came today on a lazy Thanksgiving Friday, and more details will be announced on Monday. With the closing, Sprint (NYSE: S) contributed all of its 2.5 GHz spectrum and its WiMAX-related assets, including its XOHM business, to Clearwire (NSDQ: CLWR). In addition, Clearwire has received a $3.2 billion cash investment from Comcast (NSDQ: CMCSA), Intel (NSDQ: INTC), Time Warner (NYSE: TWX) Cable, Google (NSDQ: GOOG) and Bright House Networks. The shareholder approval came earlier this month.

The transaction with Sprint and the new cash investment were completed on the terms originally announced on May 7 this year. The new company retains the name Clearwire and remains headquartered in Kirkland, Washington. More details on the Monday webcast in the release. For everything about the business combination since it was first announced, check out our special section here.