WiMax – Clearwire gets almost a billion dollars

WiMax – Clearwire gets almost a billion dollars

Intel invested over $600M and looped in Motorola for another $300M. While Motorola might recoup its investment by selling equipment to Clearwire, don’t know if Intel will be able to do the same. It is clearly one of the most risky bets Intel Capital has ever made. Hope they have some conditions to the investment, a few board seats otherwise this one looks like another Teledesic to me.