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Friday, November 28, 2008

Clearwire closes $3.2 billion deal with Comcast, others for online Internet
Clearwire Corp., the Kirkland, Wash.-based wireless Internet provider, says it's closed a previously-announced deal to raise $3.2 billion in cash, including $1.05 billion from Comcast, $550 million from Time Warner Cable, and other investments from Intel, Google, and BrightHouse Networks. Sprint Nextel contributed wireless spectrum for Clearwire, which will help cable compete with Verizon and other phone-based video and Internet providers.  

Clearwire will hold a conference call on 10 a.m. on Monday, Dec. 1 to tell more. How to listen in: Check release here.
Posted by Joseph N. DiStefano @ 2:41 PM  Permalink | Post a comment
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About Joseph N. DiStefano
Joseph N. DiStefano writes this blog to feed his PhillyDeals column in the Philadelphia Inquirer. Joe has been a member of Bloomberg LP’s New York Finance Team, wrote the book “Comcasted,” taught writing at St. Joseph’s University, and studied economics and history at Penn. Reach Joe at 215-854-5194 and JoeD@phillynews.com
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