Sprint's Xohm and Clearwire Merger - Done Deal

Clearwire Corporation and Sprint announced today that they have completed the transaction to combine their next-generation wireless Internet businesses.

Sprint contributed all of its 2.5 GHz spectrum and its WiMAX-related assets, including its XOHM business, to Clearwire.

Clearwire has received a $3.2 billion cash investment from Comcast, Intel, Time Warner Cable, Google and Bright House Networks. T he transaction with Sprint and the new cash investment were completed on the terms originally announced on May 7, 2008. The new company retains the name Clearwire and remains headquartered in Kirkland, Washington.