Intel may invest to seal Sprint-Clearwire deal

18 Feb 2008

Reports from the US suggest that chip manufacturer Intel is set to invest up to USD2 billion to help resurrect a WiMAX joint venture between Sprint Nextel and Clearwire. The two firms announced a partnership to share their WiMAX networks in July last year, but only a few months later the deal was called off when they realised that the financial costs of setting up the venture would outweigh the likely benefits. According to a report from TheStreet.com, Clearwire shareholder Intel is now considering the massive investment to push the deal through, though none of the parties involved have commented on the rumours. Sprint and Clearwire are the two largest holders of WiMAX-capable 2.3GHz and 2.5GHz spectrum in the US and both intend to deploy nationwide wireless broadband networks, with launches expected this year.

United States, Clearwire, Sprint Corporation (now part of T-Mobile US)