05/02/2008, 8:45pm, EDT
Friday, May 2ndComcast WiMax deal could come next week
Comcast is reportedly placing its chips on WiMax to help it stand out amongst competitors in the cellular and satellite industries, and that the service could launch as soon as next week. According to CNN Money, the communications giant is currently in talks with Sprint, Clearwire, Intel, and Google to provide a nationwide mobile broadband partner network which would allow it to compete on even ground with companies such as AT&T, Verizon, EchoStar, and DirecTV.
The move would help each company involved take advantage of next-generation wireless technology, while cutting overall costs to a minimum for all involved. Comcast could be in trouble when it comes to financing, since the company has spent the last few years performing massive overhauls on its cable network, and would further go into debt with the new venture. Comcast executives said: "We are going to be very disciplined in our capital structures, and do things that make a lot of sense."
Comcast claims over 14.1 million internet subscribers in the US, and hopes to enhance these numbers with WiMax, saying that the company has "hired some folks to help us in our wireless thinking."
Filed under: industry
Other story tags: Google, sprint, WiMAX, Comcast
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