News Articles

Friday, February 24, 2012

Google gets out of 4G WiMAX

Google is selling its 6.5% share in US-based 4G WiMAX network operator Clearwire for $47 million, substantially less than the $500 million it originally paid in 2008. In a statement, it said “Google periodically rebalances its investments based on its goals and its evaluation of market conditions”.

The original investment was made with a group of other tech and telecoms companies. Google had described it as ‘investing in the future of the open internet’.

[More details: Bloomberg.com; TechCrunch.com; WSJ.com]

Print
Author: The Fonecast
0 Comments
Rate this article:
No rating

Categories: Networks and operators, NewsNumber of views: 4579

Tags: usa 4g google wimax

Leave a comment

This form collects your name, email, IP address and content so that we can keep track of the comments placed on the website. For more info check our Privacy Policy and Terms Of Use where you will get more info on where, how and why we store your data.
Add comment

Follow thefonecast.com

Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«March 2024»
MonTueWedThuFriSatSun
26272829123
45678910
11121314151617
18192021222324
25262728293031
1234567

Archive

Terms Of Use | Privacy Statement