Report: Investors to Pump $1.5B into Clearwire
Posted by Jesse Ward on Monday, November 9, 2009 · 
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Sprint Nextel and several other companies plan to make additional investments in Clearwire, according to published reports in the Wall Street Journal and Bloomberg News.
Clearwire, which currently offers mobile WiMAX service in 16 markets, plans to extend its coverage to 80 markets by the end of 2010, and has said in recent week that it needs an additional $2 billion in capital to complete the build out.
The Wall Street Journal reported that Sprint, which has a 51% stake in Clearwire, will contribute an additional $1 billion, while other investors including Comcast, Intel, Time Warner Cable and Bright House Networks, reportedly will contribute an additional $500 million. Read more
Sprint Nextel and Clearwire Partner on WiMAX Network
Posted by Jesse Ward on Monday, May 12, 2008 · ·
Sprint Nextel and Clearwire announced last week that they have entered into a definitive agreement to merge their mobile WiMAX networks and resources. Industry heavyweights Intel Corp., Google Inc., Comcast Corp., Time Warner Cable Inc. and Bright House Networks have collectively agreed to invest $3.2 billion into the new company.
The new company, called Clearwire, expects to offer mobile wireless Internet services on a broad array of new devices that will be made possible by integrated WiMAX chipsets, scalable operating expenses and a commitment to an open architecture. The company is targeting a network deployment that will cover between 120 million and 140 million people in the United States by the end of 2010. Read more