Clearwire and Sprint have had to jump through a lot of hurdles since announcing their plans to join their WiMAX forces back in May of 2008. They faced opposition from AT&T, who unsuccessfully appealed to the FCC earlier this fall to try to stop the merger, as well as from iPCS, then had to wait for approval from the FCC (which they got earlier this month), and then were waiting on a vote from Clearwire stockholders to see that they had their stamp of approval.
It was finally given to the shareholders to vote upon on Thursday, and Clearwire's board of directors unanimously recommended to their shareholders that they vote in favor of the merger - and they did!
The transaction was approved by the shareholders yesterday and Clearwire (remember, the merged Sprint/Clearwire company is going under the name "Clearwire") now has the seal of approval from the law and the people. This is a big step and I'd expect to see their development and deployment schedule really ramp up now.As Clearwire CEO Benjamin G. Wolff put it,
"Today, our shareholders have taken a transformative step toward enabling an entirely new mobile Internet experience for consumers and businesses across the country. 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."
<< Home