Printed from http://www.electronista.com

Verizon deal leading to Comcast, TWC dropping Clearwire

updated 04:40 pm EST, Fri December 2, 2011

Comcast, TWC to replace Clearwire with Verizon

As part of the very recent $3.6 billion spectrum sale to Verizon, the communications provider will wholesale its spectrum to Time Warner Cable and Comcast, CNET found. It will replace Clearwire in this respect, as it's one of the conditions of the multi-billion dollar sale. Verizon will be the exclusive partner of the two providers, Time Warner Cable spokesperson Alexander Dudley said. The transition will be done over the course of the next six months, and TWC and Comcast will need to move their existing customers elsewhere.

Clearwire's 4G service was invested in by Comcast, Time Warner Cable and Bright House Networks early on, and a deal with Sprint Nextel was key to its survival as well. Sprint has just funded Clearwire's debt and LTE expansion plans, while Comcast and Time Warner Cable remain on as minority shareholders. While Bright House also sold some of its spectrum to Verizon, it never started up a business of selling airwaves, so it's not included in the new deal to wholesale the Verizon spectrum.

This is another setback for Clearwire despite its recent cash influx, with which it hopes to upgrade its network to 4G LTE speeds.



By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Dell AD211 Bluetooth speaker

For all of the high-priced, over-engineered Bluetooth speakers in the electronics market, there is still room for mass-market solution ...

VisionTek 128GB USB Pocket SSD

USB flash drives dealt the death blow to both the floppy and Zip drives. While still faster than either of the old removable media, sp ...

Kodak PixPro SL10 Smart Lens Camera

Smartphone imagery still widely varies. Large Megapixel counts don't make for a good image, and the optics in some devices are lacking ...

Sponsor

toggle

Most Commented

 
toggle

Popular News