Clearwire (
NASDAQ:CLWR) and
Sprint Nextel (
NYSE:S) announced plans to merge

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.
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.
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Posted by: 花蓮入口網 | January 4, 2009 12:13 AM | Permalink to Comment