Clearwire (NSDQ: CLWR) shareholders approved the company’s merger with Sprint’s WiMax business today during a special meeting. Clearwire said it’s on pace to close the transaction by the end of the year, at which point the new Clearwire will receive $3.2 billion in fresh capital from Intel (NSDQ: INTC), Google (NSDQ: GOOG), Comcast (NSDQ: CMCSA), Time Warner (NYSE: TWX) Cable, Bright House Networks and Trilogy Partners. The vote was one of the final steps the company needed following the FCC’s approval of the transaction earlier this month.

“Today, our shareholders have taken a transformative step toward enabling an entirely new mobile Internet experience for consumers and businesses across the country,” said Benjamin G. Wolff, chief executive officer of Clearwire.
“With an unmatched spectrum portfolio, a next generation all IP network, an ever-expanding ecosystem of mobile 4G devices, and the backing of some of the most innovative communications, entertainment and technology companies in the world, Clearwire is ready to redefine mobile Internet services in the U.S.”

The companies have already selected the company’s new leadership, tapping current Clearwire CEO Ben Wolff to head up the venture, while Xohm President Barry West will become Clearwire president and chief network architect. Clearwire’s Perry Satterlee and Scott Richardson will likely remain chief operating and chief strategy officers, respectively, while Xohm senior vice president Atish Gude has been tapped as chief marketing officer.

Clearwire and Sprint Nextel Corporation (NYSE: S) will combine their respective next-generation mobile Internet businesses to accelerate the deployment of the first nationwide mobile 4G network in an effort to meet the rapidly growing consumer demand for access to Internet-based content, applications and services anytime and anywhere.

Press Release Via moconews , telephony , dailywireless

Related Posts:

• Clearwire and Sprint WiMAX Close Deal to Merger (0)
• Clearwire & Sprint’s Merger Expected Closed on November 20th (0)
• Clearwire Expected Go Live in Portland Early 2009 (0)
• Sprint Need Android Developer to Take Advantage of WiMAX on HTC EVO 4G (0)
• Sprint to Unveil Android WiMAX Phone During CTIA Wireless Next Week (1)
• HTC Supersonic, the Sprint’s First WiMAX Phone (6)
• Sprint 3G CDMA/4G WiMAX USB 301 Software for Mac OS X Available Now (0)
• CLEAR Goes Live in Chicago (0)
• John Saw Talks WiMAX : Welcome to CLEAR Innovation Network (1)
• Sprint to Launch WiMAX in Chicago October 6 (0)