Current CEO: Erik Prusch
Clearwire Corporation was founded in Kirkland, Washington in October 2003. Prior to this, Clearwire Technologies was based in Texas. This company raised nearly $100 million in capital to acquire an educational band now known as an Educational Broadband Service. In 2004, the company acquired Clearwire Holdings. At this time, the company only had 1000 customers. By 2008, the number of customers had grown to 443,000. In 2006, Clearwire acquired $900 million of capital from Intel and Motorola after its Initial Public Offering (IPO).
Clearwire sold Nextnet Wireless to Motorola in an exchange. The investment was completed in an effort to deploy WiMAX networks worldwide. Some reports state that AT&T sold Clearwire bandwidth on the 2.5 GHz spectrum for $300 million. The spectrum belonged to BellSouth and covers southeastern United States. AT&T sold the spectrum after the merger with BellSouth.
In 2007, Clearwire and Sprint Nextel announced a partnership between the two companies to accelerate the deployment on WiMAX. The partnership was announced in July, but the partnership terminated at the end of 2007. In 2008, Clearwire and Sprint Nextel’s wireless broadband unit Xohm merged with Clearwire’s pre-WiMAX broadband. Comcast, Intel, Time Warner Cable, Google and Bright House Network invested $3.2 billion. Sprint owns 54 percent of the firm and ex-Clearwire shareholders own 27 percent.
After numerous setbacks and class action lawsuits, Clearwire introduced a dynamic network management system. This system limits the users who use more wireless data than others. This was announced after allegations that the company did not adhere to their promises of fast reliable Internet access. A subsequent lawsuit was announced after allegations of bandwidth throttling.
Nearly 130 million people have access to Clear 4G today, and the technology covers 70 of the major United States markets. The expansion of the company is one of the fastest in history. The LTE technology allows for exceptionally fast download speeds that exceed 120 Mbps in many instances. The company continues to be controlled by Sprint and continues to expand to other markets. The company offers mobile Internet for single or multiple units. Clearwire is an IP network that is known for its mobility and next generation broadband access. The company currently serves 4.4 million customers.
Clearwire careers are recommended for people that are ambitious, understand customer service and are leaders in innovation. Working at Clearwire will expose employees to innovative technology and a results oriented approach. Clearwire benefits focus on employees’ health, financials, educational development and work-life balance programs. Commitment to innovation is evident in the Clearwire culture.