Clearwire sets terms for $480M IPO

In non-3GSM related news, plucky WiMAX service provider Clearwire has set the terms of its IPO at 20 million shares for between $22 and $25 each, plus 3 million shares for overallotments. The total offering should bring in $480 million. Wall Street expects Clearwire to raise loads of cash in the months ahead to pay for its ongoing expansion plans. Clearwire's stock symbol will be CLWR. The company served 9.6 million people as of the end of 2006. Will Craig McCaw's latest wireless venture live up to the expectations or will it be an early blemish for the WiMAX sector? Does anyone remember Monet Networks?

For more on Clearwire's plans:
- see this article from InfoWorld

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