Clearwire Nabs $900M, Nixes IPO
July 6, 2006
Wireless broadband provider Clearwire is abandoning its $400 million IPO, as it receives a cool $900 million in a financing round led by Intel Capital. Furthermore, Clearwire has sold its subsidiary NextNet Wireless to Motorola, which will now be Clearwire's chief provider of WiMax wireless broadband network equipment.