Clearwire Corp. secures $900M

July 12, 2006

Clearwire Corporation has secured $900 million in the financing round, led by Intel Capital, the investment arm for the Intel Corporation.

The high-speed wireless broadband service provider announced a series of transactions with Intel Capital, Motorola and Motorola Ventures to accelerate the development and deployment of portable and mobile WiMax networks based on the IEEE 802.16e-2005 standard.

According to the companies, the transactions include Intel Capital's investment of $600 million as part of the $900 million and Motorola's acquisition of Clearwire's subsidiary NextNet Wireless, a provider of OFDM-based non-line-of-sight (NLOS) wireless broadband infrastructure equipment, for an undisclosed sum. Motorola Ventures is participating in the financing round as well.

Motorola will also supply wireless broadband equipment for Clearwire's existing and future networks globally, with Intel working to enable the inclusion of WiMax chipsets in next-generation mobile computing platforms, and all three parties will contribute significant research and development resources to evolve NextNet Wireless' pre-WiMax technologies, the release stated.

Regulatory approval for the transactions is still needed.

Copyright 2006 by United Press International

Explore further: International consortium hopes to unlock spectrum above 6 GHz

Related Stories

Nokia and Intel bring wireless broadband to future notebooks

September 28, 2006

Nokia is expanding mobility into a new arena by bringing wireless wide area connectivity for notebook users. Nokia has developed an HSDPA connectivity module for notebook computers, which Intel Corporation will deliver onwards ...

Africa is land of opportunity for Microsoft

March 21, 2013

When Microsoft announced recently that it was starting a big push to grow its market in Africa, it cited the continent's big growth opportunities, calling Africa a "game changer in the global economy."

A wireless future where everything that computes is connected

September 14, 2012

In his keynote today at the Intel Developer Forum, Intel Chief Technology Officer Justin Rattner said, "In the future, if it computes, it connects. From the simplest embedded sensors to the most advanced cloud datacenters, ...

Recommended for you

Microsoft describes hard-to-mimic authentication gesture

August 1, 2015

Photos. Messages. Bank account codes. And so much more—sit on a person's mobile device, and the question is, how to secure them without having to depend on lengthy password codes of letters and numbers. Vendors promoting ...

Power grid forecasting tool reduces costly errors

July 30, 2015

Accurately forecasting future electricity needs is tricky, with sudden weather changes and other variables impacting projections minute by minute. Errors can have grave repercussions, from blackouts to high market costs. ...

Netherlands bank customers can get vocal on payments

August 1, 2015

Are some people fed up with remembering and using passwords and PINs to make it though the day? Those who have had enough would prefer to do without them. For mobile tasks that involve banking, though, it is obvious that ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.