Clearwire and Sprint Close Deal

Clearwire and Sprint Close Deal

Friday, November 28, 2008 - by Sarah Miller
This one has been a long time coming, but Clearwire and Sprint Nextel have officially announced the combination of their next-generation wireless Internet businesses. Under the terms of the combined agreement, Sprint will hand off all of its 2.5GHz spectrum and WiMAX-related assets (including XOHM) to Clearwire. In addition, Clearwire also made note that it has received a $3.2 billion cash from Comcast, Intel, Time Warner Cable, Google, and Bright House Networks. 

Other terms of the agreement as set forth on May 7, 2008 are being abided by as well. The company will retain the Clearwire name and its Kirkland, Washington headquarters. Further details on the deal are scant, but Clearwire announced a conference call for investors set for Monday, December 1. During the call, the company will share its perspective and provide additional details about the new company. 

We fully expected this news to come at some point; it was just a matter of time. Now, we’ll be anxiously watching as the new company rolls out WiMAX and the rest of us can start to really enjoy it.
Via: Business Wire | News Archive
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Comments

By bob_on_the_cob on Nov 28, 2008

A friend of mine uses clearwire. It is either great or complete crap depending on the area. I hope this deal cleans some of that up.

By tanka12345 on Nov 29, 2008

At least in the US you have actual competition between Internet and Telecommunications providers, Here in NZ Telecom is the main giant which basically monopolises the industry, and they're not very good.

Check out this: http://www.nzherald.co.nz/technology/news/article.cfm?c_id=5&objectid=10545668

My Internet was down overnight Sad

By bob_on_the_cob on Nov 29, 2008

tanka12345:

At least in the US you have actual competition between Internet and Telecommunications providers, Here in NZ Telecom is the main giant which basically monopolises the industry, and they're not very good.

Check out this: http://www.nzherald.co.nz/technology/news/article.cfm?c_id=5&objectid=10545668

My Internet was down overnight Sad

Trust me we have it no better. Comcast is the big dog around here. Internet goes out sometimes as well, slow down torrents, block Voip.  Some areas you can only get dial up. My Mom just got DSL in her area last year. I know at least one of are forums members had dial up as well.

 

By thebirdman47 on Nov 29, 2008

Bob makes a valid and very frustrating point.

Here in Florida and in my specific town, I needed cable modem access for business; HOWEVER due to the fact that my office is one quarter of a block from the terminus of Comcasts coverage, I would have to absorb the expense of running cable, labor and other costs and fees, i.e. city license amendment (for Comcast) and approvals from both our city and county government (somewhere around $11,000 give or take....mostly take), so I have Fastaccess (really?) DSL. Marvelous.

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