Tuesday, July 15, 2008

WiMax finally coming to Sprint in September

Source:
http://www.tgdaily.com/content/view/38394/103/

"Xohm president Barry West announced that Sprint and the companies that saved the company's WiMax network in May will be offering the high-speed wireless technology in September of this year on a very limited basis. "

"Sprint will hold 51% of the new venture called Clearwire, representing a $7.4 billion stake. Clearwire’s participation is valued at $3.9 billion and a 28% stake. The remaining 22% will go to Comcast, which invested $1.05 billion, Intel ($1.0 billion), Time Warner Cable ($550 million), Google ($500 million) and Brighthouse ($100 million). The complete company was valued at $14.5 billion at founding. Next to Sprint and Clearwire, Intel is the largest stakeholder due to its previous investment in Clearwire, which gave the chip manufacturer a share of more than 20% in the communications company. "

I guess WiMax isn't dead yet. These companies wouldn't just write-off their investments! Devices like Nokia N810 would rock on WiMax.

1 comment:

BAS said...

Will instinct or will it be instinct 2.0 work with this new network in the future?

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