Clearwire Sells Majority Stake In Irish WiMax Network

Clearwire

Clearwire (NSDQ: CLWR) has sold off a majority of its assets in Ireland to Dublin-based Imagine Communications Group, freeing the company up to focus more on its rapid U.S. expansion. Financial terms of the deal were not disclosed, but Clearwire will become a minority shareholder.

Ireland was one of Clearwire’s early markets where it built out 4G-like services; however, it’s more of a distraction than anything these days as Clearwire rushes to blanket the U.S. with high-speed wireless services ahead of the competition.

Clearwire doesn’t break out specific numbers for its international markets, but it has the capacity to sign up about three million people in Belgium, Ireland and Spain, which is comparatively small to the 40-million plus it covers in the U.S. In those three countries, it has only 47,000 customers.

Imagine said its purchase of Clearwire, including its assets and technical team, is part of a EUR100 million investment to provide high-speed wireless. With Clearwire’s spectrum holdings there, it now has over 120mHz of spectrum in the 3.4 and 3.6mHz bands.

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