Clearwire approves WiMAX deal, shares plummet
As expected, Clearwire shareholders on Thursday approved the ‘new’ Clearwire joint venture. Comprising Sprint Nextel (51 per cent) and Clearwire (27 per cent) – with the remaining equity held by Intel, Google, TimeWarner Cable, Comcast and Bright House Networks – the new company has ambitious plans to roll out mobile WIMAX across the US. […]