Clearwire shareholders decided Thursday it would be a good thing to collect $3.2 billion from Google, Intel, Comcast, Time Warner and team up with Sprint to build a new national high-speed wireless network.
Shareholders of the company based in Washington state approved the deal that will merge that business with the WiMax unit of Sprint Nextel.
“Today, our shareholders have taken a transformative step toward enabling an entirely new mobile Internet experience for consumers and businesses across the country,” Benjamin Wolff, chief executive officer of Clearwire, said in a statement. “With an unmatched spectrum portfolio, a next generation all IP network, an ever-expanding ecosystem of mobile 4G devices, and the backing of some of the most innovative communications, entertainment and technology companies in the world, Clearwire is ready to redefine mobile Internet services in the U.S.”