During a conference call on Friday discussing Comcast's intent to purchase 51 percent of NBC Universal, Comcast Chairman and CEO Brian Roberts called the company's investment in Clearwire "a big strategy investment" and voiced his confidence that Clearwire will roll out mobile WiMAX service in all 39 states where Comcast operates now that Clearwire raised close to $3 billion in equity and debt.
Comcast's investment of $196 million in this recent round keeps Comcast's total investment in Clearwire at about 7 percent. It also put up $1.05 billion of the $3.2 billion in 2008. Clearwire said the funding will allow it to expand coverage faster, beyond its stated 120 million people by 2010. Comcast is reselling Clearwire's services in several markets, including Portland, Chicago and Philadelphia.
For more:
- see this moconews.net article
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