Intel investing $2B in Sprint/Clearwire - Rumor Mill Roundup

Verdict: RIGHT

Why it went right: Initially, the spinoff of Sprint's WiMAX business, Xohm, and the combination with Clearwire, was an interesting curiosity. It was rumored that Intel Capital would provide $2 billion in backing, giving solid support for WiMAX as a mobile broadband standard. As it turned out, the deal to create the "new" Clearwire was a lot more complex and substantial than was initially thought. The final deal included $3.2 billion in investments from Intel, Google, Comcast, Time Warner Cable, Bright House Networks and Trilogy Equity Partners. On Nov. 4, the FCC gave regulatory approval for the deal. On Nov. 20, Clearwire shareholders gave their assent, and on Dec. 1, Clearwire CEO Ben Wolff said that the venture's new name would be "Clear."

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Intel investing $2B in Sprint/Clearwire - Rumor Mill Roundup
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