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

Categories: Sprint
By: , IntoMobile
Wednesday, May 7th, 2008 at 7:02 AM

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.

About The Author

Stefan Constantinescu

Stefan Constantinescu (@WhatTheBit on Twitter) has loved technology since as far back as he can remember. It started with computers, but in the past few years his passion has turned to mobile devices. As a mobile phone enthusiast who lives and breathes devices that connect to the internet, he knows he is not alone with this radical fascination of all things wireless. He is strongly opinionated and enjoys a good debate so leave comments in his posts and he’ll get back to you! Stefan began blogging as a hobby in the fall of 2006 and joined IntoMobile in the summer of 2007. Later he got a job at Nokia in March 2008, but as of June 2009 he has rejoined the IntoMobile team. He is currently based out of Helsinki, Finland.

  • 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.