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Clearwire

Website http://www.clearwire.com
Location Seattle
Industry Telecommunications
Revenue $205.0 million
Investment unknown
Growth 556.0%
Employees unknown

Clearwire, founded in October 2003 by wireless pioneer Craig O. McCaw, is a provider of simple, fast, portable and reliable wireless high-speed Internet service. Clearwire customers connect to the Internet using licensed spectrum, thus eliminating the confines of traditional cable or phone lines. Headquartered in Kirkland, Wash., the company launched its first market in August 2004 and now offers service in 50 markets across the U.S. as well as in Europe.

On May 7, 2008 Clearwire Corporation (NASDAQ: CLWR) and Sprint Nextel Corporation (NYSE: S) announced that they have entered into a definitive agreement to combine their next-generation wireless broadband businesses to form a new wireless communications company. The new Clearwire expects to offer mobile wireless Internet services on a broad array of new devices that will be made possible by integrated WiMAX chipsets, scalable operating expenses and a commitment to an open architecture.