WiMax firm Clearwire gets $900M investment

July 6, 2006

Clearwire continued to dazzle the high-tech world this week by attracting $900 million in investment capital from tech majors Motorola and Intel.

Intel said Wednesday it would invest $600 million in Clearwire while Motorola and its partners would pony up another $300 million to accelerate the development of WiMax wireless technology.

Last year Clearwire obtained $100 million in capital from Canada's BCE Corp. In return, BCE's Bell Canada became Clearwire's partner in a wireless VoIP network in the United States.

"The size of this investment ... underscores our commitment to supporting wireless broadband using WiMAX networks in the United States," said Intel Capital President Arvind Sodhani.

Clearwire operates WiMax networks in about 200 metro markets in the United States and overseas. Intel and Motorola seek to build on the success of smaller-scale WiFi technology and create a new generation of wireless computer and cell-phone products.

WiMax is another form of wireless broadband; however, its range is much larger than WiFi, which is limited to relatively small hotspot areas.

Copyright 2006 by United Press International

Explore further: Millions of cars at risk of theft due to flaw in the development of keyless entry systems

Related Stories

Calling 5G into question

August 9, 2016

As wireless companies prepare to launch the next generation of service, there are new questions about the possible health risks from radiation emitted by cellphones and the transmitters that carry the signals.

Team makes hobby drones crash to expose design flaws

June 8, 2016

Sales of drones—small flying machines equipped with cameras—are soaring. But new research by a Johns Hopkins computer security team has raised concerns about how easily hackers could cause these robotic devices to ignore ...

Recommended for you

Inferring urban travel patterns from cellphone data

August 29, 2016

In making decisions about infrastructure development and resource allocation, city planners rely on models of how people move through their cities, on foot, in cars, and on public transportation. Those models are largely ...

How machine learning can help with voice disorders

August 29, 2016

There's no human instinct more basic than speech, and yet, for many people, talking can be taxing. 1 in 14 working-age Americans suffer from voice disorders that are often associated with abnormal vocal behaviors - some of ...

Apple issues update after cyber weapon captured

August 26, 2016

Apple iPhone owners on Friday were urged to install a quickly released security update after a sophisticated attack on an Emirati dissident exposed vulnerabilities targeted by cyber arms dealers.

Auto, aerospace industries warm to 3D printing

August 25, 2016

New 3D printing technology unveiled this week sharply increases the size of objects that can be produced, offering new possibilities to remake manufacturing in the auto, aerospace and other major industries.

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.