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05.07.2008 - Mobile WiMAX Maxed with Clearwire Deal



View Intel-Press related news. In the wee hours of the morning today, Clearwire and Sprint announced that they entered into an agreement to combine their WiMAX businesses and form a new wireless communications company. They also announced that Intel Capital, Comcast, Time Warner Cable, Google and Bright House Networks agreed to invest a combined $3.2 billion in the new company in support of its deployment of the first nationwide mobile WiMAX network in the U.S. Intel Capital specifically made its single largest investment ever at $1 billion. Get Intel's take on today's announcement by checking out this video blog interview with Intel's WiMAX chief Sriram Viswanathan.

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NID: 21789 / Submitted by: The Spirit of Zuron
Categories: Press Release
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