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Clearwire Completes Transaction with Sprint Nextel and $3.2 Billion Investment to Launch 4G Mobile Internet Company
01.12.08 - 22:11 ... source : Comcast
... Combination of Sprint and Clearwire's WiMAX Businesses with $3.2 Billion Cash Investment from Comcast, Intel, Time Warner Cable, Google, and Bright House Networks Creates New Opportunities for Next-Generation Services Clearwire Spectrum Holdings to Enable Unmatched Wireless Network Capacity for Broadband Services Clearwire's Mobile WiMAX Services to be Branded "Clear"™ Kirkland, Wash  - December 1, 2008Clearwire Corporation (NASDAQ: CLWRD for the first 20 trading days and CLWR thereafter) today announced that it has completed the transaction with Sprint Nextel Corporation (NYSE: S) to combine their next-generation wireless Internet businesses. The new company retains the Clearwire name and expects to build the first nationwide 4G mobile broadband network focused on meeting the evolving needs and demands for Internet-based communications services. In ad ...» Next (HTML)
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