Clearwire to get $1.5 billion investment
The Wall Street Journal reports that Clearwire, the WiMax network venture that just launched in Philly, will receive another $1.5
billion in capital, two thirds coming from Sprint, the other third coming from its other partners including Comcast. Google will
not participate in this round, the Journal says. Clearwire has not had an easy time finding new investors to help it raise the capital it needs to complete its natonwide buildout, reports have suggested.
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