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Send to email | Comcast, Time Warner Cable To Fund Sprint-Clearwire WiMax Venture? in SVZCLWRTWCTCMCSAINTCGOOG | By Silicon el 25-Mar-2008 | Comcast and Time Warner Cable, the two biggest U.S. cable companies, are in talks to fund a wireless joint venture that would be run by Sprint Nextel and Clearwire, the Wall Street Journal reports ($).
According to the plan, Comcast (CMCSA) would kick in $1 billion, Time Warner Cable (TWC) would contribute $500 million, and Bright House, Google (GOOG), and Intel (INTC) could also fund the JV. The network would operate using a nascent wireless technology called WiMax, which Sprint (S) has been trying to roll out and Clearwire (CLWR) already sells.
Why bother? The cable companies' main rivals -- AT&T (T) and Verizon (VZ) -- are moving into their territory by offering digital TV service over new, fiber-optic networks. They both also have nationwide wireless networks, which Comcast and Time Warner don't. Cable companies haven't needed to offer wireless yet, but they might eventually. So by partnering with Sprint, they could sell wireless phone and Internet access to match whatever the telcos might offer.
Sound familiar? Sprint and the cable companies have worked together before: In 2006, they teamed up to buy a bunch of wireless spectrum together in a FCC auction. They also have another joint venture, called Pivot, which was supposed to allow the cable companies to add wireless to their product line. It was a flop.
So why make a deal now? Because AT&T and Verizon just spent billions of dollars on spectrum in the FCC's latest wireless auction, which they'll use in a few years to power faster, next-gen mobile networks. Both telcos will use a different wireless technology than WiMax to power their networks, setting up a potential format war. So Sprint and Clearwire -- and the cable companies -- need to act fast to establish a lead.
The deal could get done quickly: The Journal says new Sprint CEO Dan Hesse wants to have something to show off during next week's big wireless trade show in Las Vegas.

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| Comcast, Time Warner Cable To Fund Sprint-Clearwire WiMax Venture? | | Comcast and Time Warner Cable, the two biggest U.S. cable companies, are in talks to fund a wireless joint venture that would be run by Sprint Nextel and Clearwire, the Wall Street Journal reports ($).
According to the plan, Comcast (CMCSA) would kick in $1 billion, Time Warner Cable (TWC) would contribute $500 million, and Bright House, Google (GOOG), and Intel (INTC) could also fund th [..] Read complete article |  | Published 25-Mar-2008 by Silicon in SVZCLWRTWCTCMCSAINTCGOOG Read 15 times. More hits in  |
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| Sprint, Clearwire Join Cable, Tech Companies For WiMax JV | | Sprint finally gets its WiMax deal: As soon as tomorrow, it's expected to announce a $12 billion joint venture with Clearwire (CLWR) to sell wireless Internet and phone service, the WSJ reports.
A long list of backers includes Comcast (CMCSA), which will contribute $1.05 billion; Intel (INTC), which will kick in $1 billion; and Google (GOOG), which will contribute $500 milion. The JV, ma [..] Read complete article |  | Published 06-May-2008 by Silicon in SVZCLWRTWCTDTCMCSAGOOGINTCAAPL Read 5 times. More hits in  |
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| Sprint and Clearwire finalize merger, spread of WiMax to follow soon | After receiving approval from the FCC and shareholders, the Sprint and Clearwire merger has been finalized. Sprint has gone and contributed all its Xohm WiMax assets to Clearwire, and in addition, Clearwire has received $3.2 billion worth of investments from companies such as Comcast and Google. The merger will allow Sprint to shift its focus [...] [..] Read complete article |  | Published 29-Nov-2008 by Marc Flores in GeneralNewsSprintWiMaxClearWireFCCSprint Clearwire mergerXOHM Read 0 times. More hits in  |
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 | Nerdblog | Blogger | Provides news about hardware, software, notebooks, laptops, PCs, Mac, PDAs Nerdblog.Net |
| White space spectrum and Sprint-Clearwire get the nod from the FCC | In two big election day victories, the FCC approved both the usage of the white space spectrum for mobile broadband access and the Sprint Clearwire joint venture to expand WiMAX coverage. w00t, w00t! The decision for the white space spectrum was unanimous with one partial dissent from Commissioner Deborah Tate. This is a big blow [...] [..] Read complete article |  | Published 05-Nov-2008 by Kelly Hodgkins in SprintWiMaxWirelessapprovalClearWireDellFCCgooglemicrosoftNABvotewhite space spectrumXOHM Read 3 times. More hits in  |
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