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May 6, 2008

Sprint, Clearwire in Imminent $12b Deal

By Glenn Fleishman

Finally: The Wall Street Journal reports that a joint venture is almost ready to announce that will combine Clearwire with Sprint’s wireless broadband division in a $12b company that will receive an infusion of $3.2b from outside firms, including Intel, Comcast, Time Warner Cable, and Google. The deal could be announced tomorrow. The cable involvement is clear: Cable providers may have a path to a 50 Mbps broadband vision (a standard that’s rolling out now), but they need mobile partners for data and voice, and Sprint has been that partner for the four big MSO (multiple system operators). This deal would validate the WiMax approach, and ensure that a national network would be built with enough spectrum in each market to provide the greatest possible bandwidth. It would be yet another win for Craig McCaw, of course, the man who essentially dictates through his ability to be smart ahead of the market what wireless voice and broadband will look like tomorrow, always tomorrow.

Posted by Glennf at May 6, 2008 3:34 PM

Categories: 2.5 GHz, Mobile WiMax, competitive landscape, deals, financial

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