TITLE

Clearwire Closes Deal Amid Hurdles

AUTHOR(S)
Medford, Cassimir
PUB. DATE
December 2008
SOURCE
Red Herring;12/1/2008, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the completion of the wireless broadband business and network merger of Clearwire and Sprint Nextel in December 2008. The merged U.S. wireless broadband operations were said to be based on the mobile data communications standard, WiMAX. Under the terms of the deal, Sprint Nextel will continue to operate its cellular network indepdently of Clearwire. It also states that Clearwire will use an additional $3.2 billion investment from Comcast, Time Warner Cable, Bright House Networks, Intel and Google to unveil its nationwide U.S. network. Also noted are the challenges facing Clearwire's operations.
ACCESSION #
36586447

 

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