Friday, June 01, 2007

Clearwire Completes Acquisition of AT&T Mobile WiMAX Spectrum

Clearwire announced the completion of its acquisition of all the 2.5 GHz wireless broadband spectrum previously owned or controlled by AT&T Inc. and the former BellSouth.

With this acquisition and assuming closing of other pending spectrum purchases, Clearwire's U.S. spectrum holdings increased to approximately 14.0 billion MHz-POPs, covering an estimated 223 million people with varying depths of spectrum. In addition, Clearwire holds approximately 8.7 billion MHz-POPs of spectrum in Europe, covering approximately 199 million people. Clearwire holds one of the world's largest portfolios of next-generation wireless broadband spectrum in the frequency bands identified by the mobile WiMAX standard.