Google Chrome OS Netbook 4G MVNO

Could this be a good time to invest in Clearwire Communications (CLWR) they have entered into an agreement with Google to collaborate on a number of products and services. Clearwire Communications will also support the open-source Android platform and will work with Google to to offer certain other applications.

Major investors in Clearwire Communications are Sprint, Comcast, Time Warner Cable, Bright House Networks, Intel and Google.

Clearwire shareholders back Sprint venture

NEW YORK, Nov 20 (Reuters) - Clearwire Corp (CLWR) said on Thursday its shareholders had voted to approve its proposed high-speed wireless joint venture with Sprint Nextel Corp (S) that includes an investment of $3.2 billion from cable, Web and chip partners.
Analysts had widely expected the vote, which was the last remaining hurdle for the deal, to be in favor of the venture, which will take on the Clearwire name. The venture would build a network based on WiMax, an emerging high-speed wireless technology.
Clearwire, which has the consent of the majority of its lenders, said it expects to amend and restate its credit agreements shortly to permit the deal.
In early May Clearwire and Sprint announced plans for a $14.5 billion venture that they hope would give them a head-start on AT&T Inc (T) and Verizon Wireless in developing the next generation of wireless data services.
As part of the deal, five strategic partners are investing a combined $3.2 billion in the venture. They include Intel Corp (INTC), Google Inc (GOOG), Comcast Corp (CMCSA), Time Warner Cable Inc (TWC) and Bright House Networks.
It wasn't immediately clear why shares of both Clearwire and Sprint were down sharply following the news.
Clearwire fell 23 percent to $4.46 at mid-afternoon on Nasdaq. Sprint dropped 20 percent to $1.50 on New York Stock Exchange. (Reporting by Sinead Carew, editing by Richard Chang)

Clearwire, Sprint Nextel to merge wireless units

KIRKLAND, Wash. — Clearwire and Sprint Nextel are planning to merge their wireless broadband units to create a new $14.55-billion (U.S.) wireless communications company.

The new company, to be named Clearwire, will receive a $3.2-billion investment from Intel Corp., Google Inc., Comcast Corp., Time Warner Cable Inc. and Bright House Networks. The investment is based on a target price of $20 per Clearwire share and will give the companies a 22 per cent stake in the new venture.

Sprint Nextel Corp. will be majority owner with a 51 per cent equity stake, while existing Clearwire shareholders will receive about 27 per cent interest.

Clearwire, which will concentrate on rolling out a mobile network based on the emerging WiMAX standard, will also receive an investment from Trilogy Equity Partners, led by U.S. wireless industry veteran John Stanton.

WiMAX promises faster download speeds than the latest networks run by cell-phone operators, and it's even seen as a potential competitor to fixed-line broadband.

Sprint and Clearwire, a startup founded by cellular pioneer Craig McCaw, had already announced their plans to build out networks using WiMAX technology, but had been looking for outside funding.

The new company will be led by Clearwire Chief Executive Benjamin Wolff, with Sprint Chief Technology Officer Barry West serving as president. West also leads Sprint's XOHM division.

The Kirkland, Wash.-based venture will house workers from Clearwire and Sprint's XOHM unit and will have research and development and other operations located in Herndon, Va.

The deal, which has been approved by the boards of all companies involved, is expected to close during the fourth quarter.