Comcast, Time Warner Weigh $1.5B WiMax Investment

Companies would back Sprint/Clearwire plan for nationwide network
By Jim O'Neill,  Newser User
Posted Mar 26, 2008 3:13 PM CDT
Comcast CEO Brian Roberts is shown in his Philadelphia office in this July 30, 2007 file photo.    (AP Photo/George Widman, file)
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(Newser) – Sprint Nextel and Clearwire, looking for funding in their bid to build a nationwide high-speed wireless network, may have found partners in Comcast and Time Warner, reports the Wall Street Journal. The country’s two largest cable operators are weighing a combined pledge of $1.5 billion to the project; Sprint and Clearwire hope to raise $3 billion overall.

Intel and Google also have indicated willingness to invest in the project creating a next-generation network to provide broadband access to mobile—and stationary—users via WiMAX. Cable operators have committed to wireless as key to their increasingly contentious competition with telecoms as they battle for each other’s customers with triple- and quadruple-play packages of phone, TV, Internet, and mobile phones.