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« Sprint, Clearwire in Imminent $12b Deal | Main
May 7, 2008
Official Sprint/Clearwire Details Out
By Glenn Fleishman
The press release ships: The new $14.5b (estimated) joint venture between Clearwire and Sprint will be called Clearwire. That’s another ego win on top of the financial win for one Mister Craig McCaw. Clearwire “2” will be headed by current CEO Ben Wolff, and the president will be Sprint’s very smart CTO and mobile broadband chief Barry West. They’ll headquarter in Kirkland, Wash., with R&D in Herndon, Virg. Sprint will own 51 percent, Clearwire 27 percent, and the new investors 22 percent.
Their new announced plan is to pass 120 to 140m people by 2010, which is fairly modest, but Sprint will be retaining its current 3G business. Clearwire, Sprint, and all the cable investors announced 3G and 4G sales deals that will allow all partners to resell all 3G and 4G services. That was apparently an earlier missing piece for cable operators, who didn’t want to invest in a service that wouldn’t be rolled out across their entire territories for some time.
Posted by Glennf at May 7, 2008 7:44 AM
Categories: 2.5 GHz, Mobile WiMax, financial, launches
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