Comcast and Time Warner Cable, the two biggest U.S. cable companies, are in talks to fund a wireless joint venture that would be run by Sprint Nextel and Clearwire, the Wall Street Journal reports ($).
According to the plan, Comcast (CMCSA) would kick in $1 billion, Time Warner Cable (TWC) would contribute $500 million, and Bright House, Google (GOOG), and Intel (INTC) could also fund the JV. The network would operate using a nascent wireless technology called WiMax, which Sprint (S) has been trying to roll out and Clearwire (CLWR) already sells.
No comments:
Post a Comment