Tech Consortium Bids $14.5B on WiMAX

Medford, Cassimir
May 2008
Red Herring;5/7/2008, p4
Trade Publication
This article announces that Sprint Nextel and Clearwire has formed a new wireless carrier that will be co-owned by a consortium of technology industry leaders. These firms include Goole, Intel, Comcast, Time Warner Cable and Bright House Networks. The new carrier will be responsible for a nationwide wireless broadband network based on Worldwide Interoperability for Microwave Access (WiMAX) technology. $14.5 billion is the startup value of Clearwire, the name of the new carrier. Spring has a 51 percent stake on the new Clearwire.


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