Seven-way nationwide WiMAX tie-up?

26 Mar 2008

The Wall Street Journal reported yesterday that the two largest US cable operators by revenues, Comcast and Time Warner Cable, are discussing a plan to fund a new nationwide WiMAX network to be operated by Sprint Nextel and Clearwire. The Journal claims that Comcast would invest as much as USD1 billion, a figure that Intel is said to be willing to match, while Time Warner Cable would contribute approximately half that amount. Google and Bright House Networks would spend in the region of hundreds of millions of dollars each. The report claims that Comcast and Clearwire are already working together on WiMAX and are now trying to raise USD3 billion for the venture.