24/7 Wall St.
05-06-2008, 05:50 PM
24/7 Wall St. Daily News
Wall St. said WiMax was dead. Sprint (NYSE: S) which was going to build a $5 billion network for its broadband wireless network did not have the capital. Neither did start-up Clearwire (NASDAQ: CLWR). But, a number of companies with skin in the game are putting up $12 billion to take WiMax to Main Street. According to The Wall Street Journal Sprint has agreed to merge its wireless broadband unit with Clearwire. The new company has raised a total of $3.2 billion in outside financing from several heavyweights -- $1.05 billion from cable provider Comcast, $1 billion from Intel, $550... http://feeds.feedburner.com/~f/typepad/RyNm?i=d9XASH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=d9XASH) http://feeds.feedburner.com/~f/typepad/RyNm?i=Egro5H</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=Egro5H) http://feeds.feedburner.com/~f/typepad/RyNm?i=QCOOUh</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=QCOOUh)
complete story here... (http://www.247wallst.com/2008/05/sprint-s-and-cl.html)
Wall St. said WiMax was dead. Sprint (NYSE: S) which was going to build a $5 billion network for its broadband wireless network did not have the capital. Neither did start-up Clearwire (NASDAQ: CLWR). But, a number of companies with skin in the game are putting up $12 billion to take WiMax to Main Street. According to The Wall Street Journal Sprint has agreed to merge its wireless broadband unit with Clearwire. The new company has raised a total of $3.2 billion in outside financing from several heavyweights -- $1.05 billion from cable provider Comcast, $1 billion from Intel, $550... http://feeds.feedburner.com/~f/typepad/RyNm?i=d9XASH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=d9XASH) http://feeds.feedburner.com/~f/typepad/RyNm?i=Egro5H</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=Egro5H) http://feeds.feedburner.com/~f/typepad/RyNm?i=QCOOUh</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=QCOOUh)
complete story here... (http://www.247wallst.com/2008/05/sprint-s-and-cl.html)