Sprint Commits Another $1 Billion to Clearwire
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.
Terrible service! People are not even getting the download speed advertised.
Heads up, Clearwire (CLWR) will be announcing it's 3rd qtr info tomorrow!
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??
TAKE CARE OF YOUR EMPLOYEES, DAN HESSE!!
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...
say what you will