Google to Invest in a New Company Named Clearwire

The American wireless communication company Sprint has announced today, through a press release, that it will join forces with Clearwire for a new US company. The new firm is going to be named Cleawire and is meant to combine Sprint and Clearwire 4G Assets in order to form a new wireless communications company.

WiMAX is an overgrowing standard, which the two companies are intending to extend to a larger US coverage. As part of the new company, major names from the Communications, Technology Innovation and Entertainment fields have also announced their contribution. Among them, Google admitted that it is going to invest up to $500 million. Other names include Intel Capital, Time Warner Cable, Bright House Networks and Trilogy Equity Partners.

The combined contribution of all of the above companies reaches a total figure of $3.2 billion. A total of 51 percent of the new company is going to be owned by Sprint. Google, along with the other major investors, is going to obtain a total of 22 percent. Besides the large amount of money, Google's Product Manager, Larry Alder, explained that the collaboration of these important names "will include jointly creating an open Internet protocol to work with mobile broadband devices (including Android-powered devices) and implementing other open network practices and policies."

Android is Google's first complete, open, and free mobile platform. Google's contribution to the new company is part of their continuous support for the open Internet. The result of the joint venture will provide wireless consumers with a new and powerful alternative to wireless communications. With so many important names involved, they should expect a reliable and powerful new solution.

Mobile WiMAX (Worldwide Interoperability for Microwave Access) is a wireless telecommunications technology that has been designed to work faster than the current 3G wireless networks.

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