Brief: Clearwire Gets More Funding From Intel, Motorola

Clearwire is a high-speed, wireless broadband service provider with WiMax-based technology.
SAN JOSE, Calif. — Clearwire Corp. on Wednesday (Sept. 6) said that it has garnered additional funding from Intel Corp. and Motorola Inc. This, in turn, raises the combined funding from Intel and Motorola in Clearwire to more than $1.1 billion.

As part of the new funding, Clearwire finalized a new debt facility of $125 million. In connection with the transactions, Clearwire also announced the appointment of Arvind Sodhani, president of Intel Capital, and David Perlmutter, senior vice president and general manager of the Intel's Mobility Group, to its board.

In July, Intel and Motorola invested a total of $900 million in Clearwire (Kirkland, Wash.), a high-speed wireless broadband services provider based on WiMAX technology. At the time, Motorola acquired Clearwire's NextNet Wireless subsidiary, a provider of OFDM-based, non-line-of-sight wireless broadband infrastructure equipment.

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