Report: Clearwire to get US1.5B in new funding
WiMAX service provider Clearwire is to receive at least another US$1.5 billion in funding from its partners, according to a Wall Street Journal (WSJ) report. The WSJ article claims that Clearwire's majority shareholder (51 percent), Sprint Nextel, will pump another US$1 billion into the venture, whilst a group which includes Comcast, Intel, Time Warner and Bright House Networks will stump up another US$500 million.
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