The WiMax technology never caught on, however. Google will sell its 6.5 percent stake in wireless Internet service provider Clearwire for roughly $47 million (or a discounted stock price of $1.60 per share), according to an SEC filing.
Google - Clearwire: WiMax Paves Internet Autobahn Internet service providers love to talk about how much traffic is rapidly increasing by the year and how they'll either need to charge more or create a different business model for it.
May 2008 - Google joins a coalition of investors supporting Sprint and Clearwire's combining of their WiMax businesses. Like a politician making campaign promises, Google has announced its involvement in the launch of the "Internet for Everyone...
Google - Clearwire: WiMax Paves Internet AutobahnPosted by Kevin HeislerThe Internet search giant has joined a group of blue-chip corporate investors in the new Sprint-Nextel bailout of Clearwire -- a move that will save WiMax and further Google's...
The Internet search giant, though, has joined a group of blue-chip corporate investors in the new Sprint-Nextel bailout of Clearwire -- a move that will save WiMax and further Google's innovations in mobile search.
