With SprintNextel's announcement that the company no longer plans to invest $4 billion is WiMAX to build a nationwide wireless 4G network, Google's plans seem all the more audacious. However, I consider this a gutsy move, probably with better ROI possibilities than the telecoms. If there is one thing GOOG knows how to do, it's monetize monetize monetize.
So, Good luck, Google, and godspeed.
Link: Google's Huge, Risky Wireless Plan Could Crush Cash Flow (via Silicon Alley Insider)