From a Sprint press release:
Sprint and Clearwire to Combine WiMAX Businesses, Creating a New Mobile Broadband Company
Intel, Google, Comcast, Time Warner Cable and Bright House Networks to Invest $3.2 Billion in Combined Company, at Target Price of $20.00 per Share
Formation of New Company Brings Together the Nation's Leaders in Communications, Technology Innovation and Entertainment
New Company to Speed Deployment of First Nationwide Next-Generation Mobile WiMAX Network
Transaction Designed to Unlock the Potential of Clearwire's and Sprint's 4G Assets
New Company to be Led by Seasoned Management Team from Clearwire and Sprint's XOHM Business Unit; Board of Directors to Include Leading Wireless and Cable Executives
Google's involved? Cool. That means the new company (which will be called Clearwire) will be easily accessible by the widest range of devices possible. It'll make it easier to use the phone you want and it'll be easier for hardware and software developers to create cool new devices and applications.
Another partner in this deal that caught my eye is Bright House Networks. Who the #@%* is Bright House? I did a little googling and was surprised to learn that Bright House sells cable, phone, and internet service as nearby as Cantonment and Defuniak Springs. Who knew?
Will next year's NASCAR season be dubbed the Clearwire Cup Series?
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