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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

(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.

Comcast CEO Brian Roberts is shown in his Philadelphia office in this July 30, 2007 file photo.
Comcast CEO Brian Roberts is shown in his Philadelphia office in this July 30, 2007 file photo.   (AP Photo/George Widman, file)
People walk by the Time Warner building, Wednesday, Nov. 7, 2007, in New York.
People walk by the Time Warner building, Wednesday, Nov. 7, 2007, in New York.   (AP Photo/Diane Bondareff)
Comcast CEO Brian Roberts gestures during his keynote speech at the Consumer Electronics Show (CES) in Las Vegas, Tuesday, Jan. 8, 2008.
Comcast CEO Brian Roberts gestures during his keynote speech at the Consumer Electronics Show (CES) in Las Vegas, Tuesday, Jan. 8, 2008.   (AP Photo/Paul Sakuma)
A projected image of the Comcast logo is seen at the Consumer Electronics Show in Las Vegas, Tuesday, Jan. 7, 2008.
A projected image of the Comcast logo is seen at the Consumer Electronics Show in Las Vegas, Tuesday, Jan. 7, 2008.   (AP Photo/Paul Sakuma)
Comcast's name hangs in the lobby of its state headquarters in this Nov. 3, 2005 file photo, in Sandy, Utah.
Comcast's name hangs in the lobby of its state headquarters in this Nov. 3, 2005 file photo, in Sandy, Utah.   (AP Photo/Douglas C. Pizac, file)
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