7/6/2006

Intel and Motorola's investment units will invest $900 million in wireless ISP Clearwire, in a bid to boost development of its high-speed wide-range network. Intel is contributing $600 million in cash to the deal, while Motorola, which is also acquiring Clearwire's NextNet Wireless unit for an undisclosed amount, is investing $300 million.

Full Story:
NYTimes.com

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