Tech giants in talks to fund US WiMax plan

Major US-based cable, telecom and Internet companies are in preliminary, but serious, talks to create a national wireless network that would link devices such as computers, televisions and cell phones, according to a source quoted by an Associated Press report.

Comcast, Time Warner Cable, Bright House Networks, Google, Intel, Sprint Nextel and Clearwire are considering investing a total of 1.91 billion euros (US$3 billion) to 2.55 billion euros (US$4 billion) in the joint venture, said the person, who asked not to be named because the person was not authorized to discuss the talks.

Sprint and Clearwire, a startup founded by cellular pioneer Craig McCaw, have already announced their plans to build out a network using WiMax technology, but had been looking for outside funding.

WiMax promises faster wireless connection speeds for laptops and phones than the latest networks run by cell-phone operators, and it is even seen as a potential competitor to fixed-line broadband like DSL.

Comcast, Google and Intel are each considering putting in about 0.64 billion euros (US$1 billion) into a new company that would operate the network, the person said. Time Warner Cable's portion is $500 million (318 million euros) while privately held Bright House could contribute $100 million (63.6 million euros) to $200 million (127 million euros), the person said.

Intel has been heavily involved in developing the WiMax technology and will be making WiMax chips for computers, set-top boxes and cell phones, the Associated Press report further said.

Suggested Articles

Wireless operators can provide 5G services with spectrum bands both above and below 6 GHz—but that doesn't mean that all countries will let them.

Here are the stories we’re tracking today.

The 5G Mobile Network Architecture research project will implement two 5G use cases in real-world test beds.