their wireless broadband divisions. A post on CNNMoney.com reported the new company will be called Clearwire. The $14.55 billion venture will receive an investment of $3.2 billion from Intel Corp., Google, Comcast, Time Warner Cable, and Bright House Works. Clearwater has an estimated value of $20 per share, giving the companies 22% ownership. Sprint will have the majority, 51%, share. Check out this post on Tech Crunch for a breakdown of the contributions from each company. Tech Crunch author Erick Shonfeld wrote about the impetus for the merger. WiMax, a telecommunications technology aimed as shaking up broadband access as we know it, is "promising" and still in its "early days," yet it's valuable enough for several different multi-billion dollar companies with very different aims (you know, besides making money) to contribute significant funds.
Comment Preview