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Maureen
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Joined: 20 Aug 2008
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 Posted: Wed Sep 10, 2008 10:03 am Post subject: Comcast + Sprint + Clearwire + Time Warner + Intel + Google |
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| Quote: | Comcast says wireless deal could close this year
Tuesday September 9, 5:20 pm ET
By Deborah Yao, AP Business Writer
Comcast's investment in joint venture to offer mobile Internet access may close in 2008
PHILADELPHIA (AP) -- Comcast Corp. said Tuesday that its investment in a joint venture to offer mobile Internet access to subscribers could be finalized by the end of the year.
Steve Burke, president of Philadelphia-based Comcast, said the new service would let cable companies offer "wireless data speeds that Verizon and AT&T can't match."
Comcast, the nation's largest cable TV operator, in May joined Time Warner Cable Inc., Intel Corp., Google Inc., Sprint Nextel Corp., Clearwire Corp. and other partners to form a $14.55 billion communications company that will offer high-speed mobile Internet access.
The company, to be called Clearwire, will use WiMax technology. It's similar to the WiFi service found in coffee shops and airports, but with a wider range that is able to cover whole cities in some cases. WiMax also promises faster speeds than cellular networks.
With Clearwire, cable should have at least a two- to three-year head start on similar ventures being developed by rivals, Burke told analysts at the 2008 Merrill Lynch Media Fall Preview Conference in Marina del Rey, Calif.
Once Clearwire's service is in place, Comcast will be able to offer bundles that include wireless Internet connections outside the home, Burke said.
Burke also took a shot at rival phone companies, saying their price cuts on digital subscriber line, or DSL, Internet service won't stop customers from leaving. That's because consumers increasingly are watching video online and therefore seek higher Internet speeds.
"There's nothing they (phone companies) can do. The problem isn't price," he said. |
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