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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, which is printed in the business pages of The Philadelphia Inquirer every Sunday, Tuesday, Wednesday, Thursday and Friday. Joe has worked at the Inquirer, mostly, since 1988. He has also written for Bloomberg and Gannett, authored the book Comcasted, majored in economics at Penn, and fathered six children. Reach Joe at 215-854-5194 and JoeD@phillynews.com

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