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Goodbye Xohm, Hello New Clearwire JV

Posted on May 06, 2008

The WSJ is reporting that Sprint and Clearwire have reached an agreement, along with Intel, Google, and cable operators Comcast, Time Warner Cable, and Brighthouse. The spun-off 4G group from Sprint and Clearwire are valued at approximately $9 billion, and with the additional $3.2 billion in financing from the additional companies that are forming this joint venture, the new company will be valued at over $12 billion. Comcast: $1.05 billion Intel: $1 billion Time Warner Cable: $550 million Google: $500 million Brighthouse: $100 million TOTAL: $3.2 billion This is huge news for the WiMAX comm...

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