Google, Intel, Sprint Nextel, Clearwire, Comcast, Time Warner Cable, and Bright House wager a fortune on an unproven but disruptive technology.
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News sends Clearwire shares down as much as 28 percent as the small high-speed wireless service provider will now have to spend a lot more money to expand the geographical reach of its network.
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Shares of McCaw’s WiMAX carrier zig-zag in trading debut.
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'Big Deals' and more in the January 22 issue of Red Herring, on newsstands Monday.
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Cell phone pioneer Craig McCaw’s wireless broadband company wants to expand its network.
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The cash will help the startup attract more global customers to the wireless technology and develop its mobile efforts.
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Satellite operators may benefit from Clearwire, a startup with $1 billion to build a WiMAX network.
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