$3.2 Billion Investment from Intel, Google, Comcast, Time Warner Cable & Bright House Networks

So what does a $3.2 Billion investment from Intel, Google, Comcast, Time Warner Cable and Bright House Networks get you? By the looks of things, it will be a new mobile broadband company. Today we are hearing that Print and Clearwire are to combine WiMAX businesses, and this will create the new mobile broadband company.

The combined company will have a target price of $20.00 per share and the formation of new company brings together the nation’s leaders in Communications, Technology Innovation and Entertainment. This new company will speed the deployment of the first nationwide next-generation Mobile WiMAX Network.

This transaction has been designed to unlock the potential of Clearwire’s and Sprint’s 4G Assets, we are also hearing that the new company will be led by a seasoned management team from Clearwire and Sprint’s XOHM Business Unit; The Board of Directors will include leading Wireless and Cable Executives. In a press lease, it was reported that “The new company, which will be named Clearwire, will be focused on expediting the deployment of the first nationwide mobile WiMAX network to provide a true mobile broadband experience for consumers, small businesses, medium and large enterprises, public safety organizations and educational institutions. The new Clearwire expects to dramatically enhance the speed and manner in which customers access all that the Internet has to offer at home, in the office and on the road.”

With the future web needing to support fast video access that has become very popular with consumers, this is a good step in a better user experience.