Business Services Industry
Intel joins Seattle communications pioneer in new wireless technology venture.
Knight Ridder/Tribune Business News, October, 2004
By Tricia Duryee, The Seattle Times Knight Ridder/Tribune Business News
Oct. 26--On the day Craig McCaw's old company, AT&T Wireless, came one step closer to being absorbed by Cingular Wireless, the cellphone pioneer announced that his latest venture, Clearwire, has formed a high-profile partnership with Intel.
The chip giant said it would help Clearwire develop an emerging high-speed wireless technology called WiMax and make an investment in the Kirkland-based company from Intel's $150 million technology venture fund.
As part of Intel's policy, it does not disclose specifics on its investments, but the Santa Clara, Calif., company characterized it as "significant."
The investment is in addition to a $160 million financing...
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