Clearwire closes $3.2 billion deal with Comcast, others for online Internet
Clearwire Corp. says it's closed a previously-announced deal to raise $1.05 billion from Comcast, $550 million from Time Warner Cable, broadband spectrum from Sprint Nextel, and other investments from Intel, Google, BrightHouse Networks.
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
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