Clearwire Sucks in Nearly $1b in Cash for Mobile WiMax Deployment

Craig McCaw’s broadband wireless firm Clearwire raises $600m from Intel Capital, $300m from others: The latest revolutionary wireless firm founded by McCaw aims to deploy mobile broadband wireless worldwide using mobile WiMax (part of 802.16e-2005). Part of the money comes from Motorola purchasing Clearwire’s NextNet equipment subsidiary, which has been manufacturing and prototyping gear for Clearwire’s network, starting with customer premises equipment (CPE), or the fixed receivers plugged in at homes.