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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.

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