Clearwire raises $1.5B towards 4G mobile Internet

KIRKLAND, WA - Sprint Nextel, Comcast, Time Warner Cable, Intel, Eagle River and Bright House Networks have collectively invested $1.5B in Clearwire so that the company may continue its national expansion of 4G mobile Internet services in the U.S."This additional level of strategic funding marks another important milestone in the progress of Clearwire, and will enable us to maintain our leadership and aggressive 4G WiMAX network build plans," said Clearwire CEO Bill Morrow, in the announcement. "Today's news is also further validation of the importance of our 4G network to our strategic investors. We all benefit from this robust, all-IP, high-bandwidth...