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

Kenu Airframe Plus

Simple, stylish and effective, the Kenu Airframe + portable car mount is the latest addition to Kenu's lineup. Released earlier this y ...

Plantronics Rig Surround 7.1 headset

Trying to capture the true soundscape of video games can be a daunting task. Looking to surround-sound home theater options, users hav ...

Adesso Compagno X Bluetooth keyboard

The shift from typing on physical keyboards to digital versions on smartphones and tablets hasn't been an easy for many consumers. Fro ...

Sponsor

toggle

Most Commented

 
toggle

Popular News