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Telecommunications US WiMAX operator raises $US1 billion: but it's mobile WiMAX
Telecommunications US WiMAX operator raises $US1 billion: but it's mobile WiMAX | US WiMAX operator raises $US1 billion: but it's mobile WiMAX |
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| Written by Stuart Corner | |
| Tuesday, 10 July 2007 | |
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Backed by Intel and Motorola (which pumped in $US900 in equity in July 2006) Clearwire is proposing to move to mobile WiMAX and in May this year acquired all the 2.5GHz wireless broadband spectrum in the US previously owned or controlled by AT&T and the former BellSouth. The company said at the time that "With this acquisition and assuming closing of other pending spectrum purchases, Clearwire’s US spectrum holdings...[cover] an estimated 223 million people with varying depths of spectrum." With spectrum in Europe, covering approximately 199 million people, Clearwire claims to hold "one of the world’s largest portfolios of next-generation wireless broadband spectrum in the frequency bands identified by the mobile WiMAX standard." The company went public in March 2007 at which time Frost & Sullivan US analyst Gerry Purdy, was quoted saying: "If anybody can succeed at doing it, McCaw probably has the right technology, the right management team, and has got partners in the form of Intel and Motorola...You get a sense that this [mobile] WiMAX thing is probably real, it's important, and you've got a company that knows how to do this.{moscomment}
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