Sprint and Clearwire tie the knot on WiMAX, new company to launch end of year

2008-05-05t145843z_01_nootr_rtridsp_2_business-sprint-deutschetelekom-dc.jpgSprint and Clearwire are combining their WiMAX businesses and plan to create a new company that will go live by the end of the year which will retain the Clearwire name. Intel, Google, Comcast, Time Warner Cable and Bright House Networks will be investing $3.2 Billion into this new company and will split 22% of it among themselves. Clearwire will have will have a 27% stake in the new company and Sprint will control the remaining 51%.

All the interesting quotes from all the C level executives involved can be read in the press release here. No word when this network will go live. The fact that Sprint is at the helm makes me a bit … well something tells me this will be the biggest disaster of the upcoming decade.

  • Ricky

    Sprint’s not at the helm, Clearwire is. They’re retaining Clearwire’s CEO and Chair. I had Clearwire in Abilene, TX, one of their launch markets, and they know how to market their product, and they know how to enter and take over a market well. I also used Clearwire as the backend to livecast my wedding. Craig McCaw has been pretty successful thus far, and I think the true concern is that Sprint will start nosing around in it all, rather than blindly contributing money, like they should be doing.

    At least they’re giving up that awful ‘Xohm’ name. That in itself is a good thing.

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