Recession could slow rollout of Clearwire's WiMAX

Source: Businessweek

Last May some of the biggest names in the technology and media business, including Intel, Google, Sprint, and Comcast, teamed up to invest $3.2 billion in the startup Clearwire. The Kirkland (Wash.) company founded by entrepreneur Craig McCaw had high hopes of shaking up the wireless industry. The idea was that Clearwire would offer an alternative to the two big incumbent U.S. operators, AT&T and Verizon Wireless, by rolling out a technology called WiMAX that could provide superfast Internet service for cell phones, laptops, and other devices.
Today, Clearwire is just trying to keep its head above water.

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