$600 Million Raised in Clearwire Debut
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By Tricia Duryee, Seattle Times  Mar. 8--In one of the most anticipated initial public offerings in years, Kirkland-based Clearwire raised $600 million Wednesday, making it the second-largest IPO in Washington state's history.
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Intel and Clearwire, Craig McCaw&#39;s wireless broadband services company, plan to jointly develop and deploy wireless broadband WiMax networks, the companies announced today.
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First week brings $1 million in downloads, CEO says.
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Since its 700-MHz auction began on Jan. 24, the FCC has raised more than $18.8 billion. That well surpasses the agency's own early estimates of attracting between $10-15 billion.
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The German auction for 28 broadband wireless access (BWA) or Wimax licences raised a total 56 million euros (74 million dollars), the regulatory authority Bundesnetzagentur has announced.
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Clearwire Corporation (NASDAQ:CLWR) today announced the pricing of its  initial public offering of 24,000,000 shares of its Class A common  stock, all of which are being sold by Clearwire at a price to the public  of $25.00 per share.
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Startup Diligent Technologies has raised $22 million in new equity. The financing round was led by US venture capital fund Matrix partners, which made its first investment in Israel, and Accel Partners.
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The $23 billion buyout of radio and outdoor advertising giant Clear Channel Communications could get antitrust approval from the Department of Justice as early as Wednesday, according to The Deal.com. The proposed buyout by Bain Capital and Thomas H. Lee Partners, which was announced more than a year ago, has already received approval from the Federal [...].
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Clear Channel Communications Inc. , which has agreed to be bought by two private equity firms and the company's founding Mays family, posted better-than-expected quarterly earnings on Friday as radio broadcasting revenue and outdoor advertising sales rose.
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The state of Virginia and Fairfax County each pledged $600,000 to entice International Business Machines Corp. to bring 1,250 high-paying new government contracting jobs to Fairfax.
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Shares of Clearwire Corp., a wireless Internet services provider founded by cellular phone pioneer Craig McCaw, edged up about 2 percent Thursday after the company raised $600 million in its initial public stock offering. The IPO had valued the entire company at more than $4 billion.
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Cisco yesterday reported net revenue of $6 billion for its first quarter, a slight uptick compared with the previous quarter but 17.1% more than in the year-ago quarter.
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The $5.6 billion deal is part of an effort by G.M. to raise money and focus on its core business.
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Clearwire Corp is expected to float on the US market today, executing its IPO despite last week's market slump. The WiMax service provider is a rare example of a telecom IPO, and clearly hopes to not flame out as badly as the last big one - Vonage.
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Current Media Inc, owner of the  youth-focused television network founded by former U.S. Vice  President Al Gore, plans to raise up to $100 million in an  initial public offering on the Nasdaq stock market.
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(InfoWorld) - Investors have a wide range of technology to choose from in the stocks they buy, and ClearwireÂ  is set to add more WiMax to the list, when it offers 20 million shares for sale at between $23-$25 on the Nasdaq Stock Market. The Kirkland, Washington wireless broadband Internet service provider Tuesday issued a preliminary prospectus for a share sale with the U.S. Securities and Exchange Commission (SEC), and said it planned to launch the public offering as soon as possible after the share sale is registered. It did not give a specific date. Clearwire will become one of just a few WiMax companies listed on a U.S. stock market, and one of the most high profile due to its relationships withÂ IntelÂ andÂ Motorola. The listing may also be a sign that word ofÂ WiMax technology is spreading. The popularity of sipping coffee at Starbucks while reading e-mails on a laptop PC has grown along with wireless technologies such as Wi-Fi. WiMax aims to replace Wi-Fi as a speedier service with far wider ranging access. Clearwire will list under the stock ticker code, CLWR. Clearwire is also offering 3 million additional shares to the investment banking firms underwriting the sale, and if all 23 million shares sell out at the mid-range price, $24, Clearwire will pocket $513 million from the sale, it said in the SEC filing. The money will mainly be used to finance its business. It has spent millions expanding its WiMax network, and expects to need more to continue growing. "As Clearwire is at an early stage of development, we cannot anticipate with certainty what our earnings, if any, will be in any future period. However, we expect to incur significant net losses as we develop and deploy our network in new and existing markets, expand our services and pursue our business strategy," it said in the filing. The company has lost money ever since it opened, and estimated its total indebtedness as of Sep. 30, last year, at approximately $755.7 million. But the company has some big backers to help keep it running, mainly companies promoting WiMax. Intel's venture capital arm invested $600 million in Clearwire last year in one of its single biggest deals ever. Intel Capital commonly invests in companies tied to Intel strategies aimed at growing its core microprocessor business. WiMax has been a major push for Intel over the past few years. The company's line of Centrino notebook PC chips, which put Wi-Fi into portable PCs, was wildly successful on the market, and some analysts say the company could be a big winner with a similar chip package developed around WiMax. Clearwire and Intel have also agreed to jointly develop and promote a mobile WiMax service offering as a co-branded service available only over Clearwire's WiMax in the U.S., according to the prospectus, to target users of laptops, ultramobile PCs, and other mobile devices. Once Clearwire completes its share sale, Intel will still hold a 26.6 percent stake in the company, or 36.76 million shares, while Motorola will hold a 12.9 percent stake, or 16.67 million shares, according to the prospectus. Clearwire sold its wireless broadband equipment business to Motorola last year, and indicated in the prospectus that it will rely on Motorola to supply equipment for its network. Clearwire currently offers broadband wireless services in the U.S. and Europe. Its subscribers rose to 206,000 as of the end of last year, from just 1,000 on Sep. 30, 2004, it said. Its subscriber base has grown despite wireline alternatives for users, including broadband cable modems and DSL (digital subscriber line) Internet service. As of the end of last year, Clearwire services were available to 9.6 million people, including 8.6 million throughout the U.S., and one million in Brussels, Belgium and Dublin, Ireland, the company said. WiMax base stations can send broadband Internet signals to far greater distances than the Wi-Fi technology that WiMax is meant to replace. Although estimates vary on how far WiMax signals can go, in densely populated cities, where users are not likely to be positioned within sight of access points, the distance should be between 2 km and 4 km. A few of the other listed companies in the WiMax field include device maker Proxim Wireless, service provider Alltel, and WiMax network equipment maker, Alvarion. The stock ticker codes of the three companies are PROX, AT, and ALVR, respectively.
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Clear Channel Communications Inc. , which has agreed to be acquired by two private equity firms and the company's founding Mays family, posted better-than-expected quarterly earnings on Friday as radio broadcasting revenue and outdoor advertising sales rose.