Article Archived on Intel Invested in Clearwire..
"Clearwire has raised more than $3 billion to build a nationwide broadband wireless network using a technology called WiMax. Late last year, it officially combined spectrum assets from cellular phone provider Sprint Nextel.
The company, which has strategic investors such as Intel, Google, Time Warner Cable and Comcast, says it plans to have a nationwide high-speed wireless network up and running to 120 million people by the end of 2010. It already offers service in Baltimore and Portland, Ore. And more cities are expected to be added soon with even more to follow in 2010.
The new Clearwire has a very strong position in terms of spectrum. And the company believes it has a good head-start compared with rivals, such as Verizon Wireless, which plans to roll out its 4G wireless network using a competing technology called Long Term Evolution, or LTE, starting next year.
Peter Currie, a director on Clearwire's board, said it was time to expand the talent of the Clearwire team and to bring in a person, who could execute on building the rest of the network and manage the business as it grows.
"When we closed the Sprint transaction and added $3 billion in new capital, the principal mission of the business changed, " he said. "Ben (Wolff) is incredibly versatile and talented. He is the best deal guy. But we needed more people and more human resources to get this network done with a nationwide footprint. Bill (Morrow) is a really experienced and wonderful manager. He is also deeply technical and we believe he will add a lot both in driving new business and saving capital."
Read more: http://news.cnet.com/8301-1035_3-10191982-94.html#ixzz1Buc0HFjN
"Clearwire has raised more than $3 billion to build a nationwide broadband wireless network using a technology called WiMax. Late last year, it officially combined spectrum assets from cellular phone provider Sprint Nextel.
The company, which has strategic investors such as Intel, Google, Time Warner Cable and Comcast, says it plans to have a nationwide high-speed wireless network up and running to 120 million people by the end of 2010. It already offers service in Baltimore and Portland, Ore. And more cities are expected to be added soon with even more to follow in 2010.
The new Clearwire has a very strong position in terms of spectrum. And the company believes it has a good head-start compared with rivals, such as Verizon Wireless, which plans to roll out its 4G wireless network using a competing technology called Long Term Evolution, or LTE, starting next year.
Peter Currie, a director on Clearwire's board, said it was time to expand the talent of the Clearwire team and to bring in a person, who could execute on building the rest of the network and manage the business as it grows.
"When we closed the Sprint transaction and added $3 billion in new capital, the principal mission of the business changed, " he said. "Ben (Wolff) is incredibly versatile and talented. He is the best deal guy. But we needed more people and more human resources to get this network done with a nationwide footprint. Bill (Morrow) is a really experienced and wonderful manager. He is also deeply technical and we believe he will add a lot both in driving new business and saving capital."
Read more: http://news.cnet.com/8301-1035_3-10191982-94.html#ixzz1Buc0HFjN
Clearwire Corp. is Clearly attempting to Block Lightsquared, Philip Falcone - Harbinger Capital from Getting into their Wireless Turf.
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