DTT Buzz

Clearwire and Sprint Nextel are coming together to create a $14.55 Billion wireless company. Clearwire will be using WiMax, which promotes faster downloading than other cell phone operators. Even faster than some fixed line broadband. The company will be receiving investments from Google, Intel, Comcast, Time Warner and Bright House Networks. The investments are based on a $20 per share target price, and the investing companies will get a 22% stake in the new wireless company. Sprint Nextel will own 51% of the new company. Clearwire shareholders will receive the remaining 27%.

As of this morning, May 9th, Clearwire shares were $16.33per share and Sprint shares were $9.38 per share. Keep a look out for information on both of these companies. If the new Clearwire wireless company shoots out of the starting gate, their stock prices should shoot up as well.