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Comcast Won't Give Clearwire Any More Money

Sep 22, 2010, 12:31 PM by Eric M. Zeman

Comcast Chief Financial Officer Michael Angelakis has indicated that the company will not invest any more capital in WiMax network operator Clearwire. Comcast is one of several initial investors, and owns 9% of Clearwire. Sprint, Google, Intel and Time Warner own the remaining portion of Clearwire. Despite touting Clearwire's 4G network as vital to its growth plans, Comcast won't give Clearwire any more money for the time being. Sprint also recently said that it can't afford to buy out Clearwire, which will need a new round of funding by the end of the year in order to continue operations. "Clearwire has to figure this out," said Angelakis to investors on Wednesday.

Wall Street Journal »

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Comments

This forum is closed.

This forum is closed.

bluecoyote

Sep 23, 2010, 12:18 AM

Broke

Just like their customers 🤣

Caucasian

Just like the last post.

https://www.phonescoop.com/news/discuss.php?fm=m&ff= ... »

...

Slammer

Blue,

I know a poke at Sprint can be fun.

However, as a Field Service Representative and Technician for a food service company, I may not be rich. But I am far from being broke in the same aspect. I Thank Sprint in helping make my wireless pla...
(continues)

...

ygbhen

Sep 22, 2010, 8:34 PM

Here's an option

Since Clear has such a large amount of spectrum in the 2.5 frequency then maybe they should look at selling some. They already said they had enough to run an LTE and Wimax network at the same time so why not sell some of the spectrum to raise capital. T Mobile would be the perfect buyer right?

PEZ

I have read that an option would be T-Mobile invests in Wimax as their solution. But I dont see that being practical. Then again - not having a 4G strategy isnt either!

glinc