SPRINT, CLEARWIRE CLOSE DEAL FORMING WIMAX VENTURE
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Chuck Sherwood
Dec 1, 2008, 12:47:45 PM12/1/08
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SPRINT, CLEARWIRE CLOSE DEAL FORMING WIMAX VENTURE
[SOURCE: Multichannel News, AUTHOR: Todd Spangler]
Clearwire and Sprint Nextel announced Friday that they have completed the transaction to combine their high-speed wireless Internet businesses, a venture that has received backing from Comcast, Time Warner Cable, Bright House Networks, Intel and Google. Sprint will own a 51% interest in the venture; Clearwire will hold 27%; and the investor group will hold a combined 22% of the equity. Clearwire and Sprint have said they expect the WiMax network the new company will build out to reach 60 million to 80 million people by 2009, 140 million by 2010 and 200 million by 2011.
http://benton.org/node/19360
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[SOURCE: Multichannel News, AUTHOR: Todd Spangler]
Clearwire and Sprint Nextel announced Friday that they have completed the transaction to combine their high-speed wireless Internet businesses, a venture that has received backing from Comcast, Time Warner Cable, Bright House Networks, Intel and Google. Sprint will own a 51% interest in the venture; Clearwire will hold 27%; and the investor group will hold a combined 22% of the equity. Clearwire and Sprint have said they expect the WiMax network the new company will build out to reach 60 million to 80 million people by 2009, 140 million by 2010 and 200 million by 2011.
http://benton.org/node/19360
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(c)Benton Foundation 2008. Redistribution of this email publication -- both internally and externally -- is encouraged if it includes this message. For subscribe/unsubscribe info email: headlines AT benton DOT org
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