Wednesday, February 21, 2007

Clearwire snags AT&T plum: Business & Technology: The Seattle Times

Never underestimate Craig McCaw... 

Clearwire will pay $300 million in cash to acquire a large swath of airwaves from AT&T to roll out wireless broadband Internet in the U.S.

The deal comes as the Kirkland company is gearing up for an initial public offering that could raise up to $575 million.

The airwaves are necessary for a nationwide network based on WiMax technology.

Source: Clearwire snags AT&T plum: Business & Technology: The Seattle Times

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