te a new US$14.55 billion (euro9.37 billion) wireless communications company. The new company, to be named Clearwire, will receive a US$3.2 billion (euro2.06 billion) investment from Intel Corp., Google Inc., Comcast Corp., Time Warner Cable Inc. and Bright House Networks. The investment is based on a target price of US$20 (euro12.88) per Clearwire share, and will give the companies a 22 percent stake in the new venture.
Sprint Nextel Corp. will be majority owner with a 51 percent equity stake, while existing Clearwire shareholders will receive about 27 percent interest.
