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Sprint Commits Another $1 Billion to Clearwire

Article Comments  15  

Nov 8, 2009, 8:59 PM   by Eric M. Zeman   @phonescooper

Sprint and its investor partners have agreed to invest another $1.5 billion in Clearwire, provider of WiMax services. Sprint will front $1 billion, and Comcast, Intel, Time Warner Cable and Bright House Networks will contribute the remaining $500 million. Google, which has already made investments in Clearwire, is not partaking in this financing round. Clearwire and Sprint have been launching WiMax networks in various markets across the country, most recently Philadelphia, and have plans to launch more in 2010. So far, Sprint and Clearwire have about 511,000 subscribers.

more info at Wall Street Journal »



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This forum is closed.


Nov 8, 2009, 9:43 PM

Good move!

Hopefully, this venture is more successful than Sprint ever was. I wish we had it here. I would sign up.
Guess you haven't read the reviews off

Terrible service! People are not even getting the download speed advertised.
Interesting to see how many subscribers Clear has (511,000). I'm sure that will at least double by April, just a guess.

Heads up, Clearwire (CLWR) will be announcing it's 3rd qtr info tomorrow!

Nov 9, 2009, 3:07 PM

And yet...

They just announced another 2500 layoffs. Nice.

Our employees haven't seen a raise for over 2 years, we've seen layoffs 3 years in a row, and now you're investing over a billion dollars in Clearwire??

Quite your whining you baby.

Do you have the slightest idea of how business works? I didn't think so.

If you were hired as a CEO of a failing company these are the things you would have to do to turn the company around. Once you get revenue a...

Nov 8, 2009, 9:21 PM

say what you will

Sprint is moving this 4g along, we went from 1 trial market to being in over a dozen markets and dozens more rolling out all the time, I like that they are just keeping it going instead of running out of steam.
Well, I've read that Clear intends to have 100m population covered by the end of next year.
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