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Clearwire history
Clearwire company history timeline
Clearwire was formed in 1998 as a spinoff of Sierra Technologies, beginning as a company based in Arlington, Texas, whose secure transmission technology grew out of defense electronics used to link ships with aircraft trying to locate submarines.
Founded in 1998, NextNet introduced the first non-line-of-sight (NLOS) plug-and-play system for delivering high-speed, wireless Internet services.
Clearwire's First Service Launch in 1999
1999: Clearwire offers wireless Internet service in Dallas.
The first infusion of capital occurred at the end of 2000, when Dallas-based Cardinal Investments Inc. provided $22 million to help fund the establishment of Clearwire systems in new markets.
In October 2001, just six months after receiving $97 million, the company shut down service in three of its four markets, maintaining its service in Albuquerque.
In December 2001, Clearwire spun off its equipment manufacturing arm, leaving McCaw to find a replacement.
In October 2003, Craig McCaw purchased Clearwire Technologies, Inc. parent company Clearwire Holdings and moved the company headquarters to Kirkland, Washington.
On March 9, 2005, Bell Canada invested $100 million United States in Seattle-based Clearwire Corp.
Next on the company's list of targeted United States markets was Daytona Beach, Florida, a system launch that was to be the first of 20 deployments scheduled for 2005.
The success of McCaw's venture hinged on the achievements made during 2005, as the reclusive billionaire tested the worth of his business strategy in the public spotlight.
Clearwire took a $900 million infusion of capital from Intel and Motorola in July 2006, shortly after pulling its initial public offering.
On August 8, 2006, then-Sprint CEO Gary Forsee announced that Sprint would adopt a little known technology called Mobile WiMAX for its fourth-generation mobile data network.
Trading began March 8, 2007 under the ticker symbol "CLWR" on the Nasdaq.
The partnership was terminated at the end of 2007.
On March 9, 2009, Clearwire named Bill Morrow as CEO, succeeding Benjamin Wolff, who became co-chairman with Craig McCaw.
In September 2010, Clearwire introduced a dynamic network management system, which, for users who consume "disproportionate" amounts of wireless data, limited the user to about 256 kbit/s of network throughput.
On December 31, 2010, McCaw resigned as chairman of Clearwire and was replaced by John W. Stanton.
The first LTE network wouldn’t launch in the United States until 2010.
28, 2010, its expansion ground to halt with only about one-third of the United States population covered.
Sprint’s first WiMAX phone, the HTC EVO 4G, went on sale in the summer of 2010.
In January 2011 Clearwire discontinued services based on Motorola Expedience technology in Spain in favor of Instanet branded 4G WiMAX service.
Verizon’s first LTE phone, the HTC Thunderbolt went on sale in March of 2011.
On March 10, 2011, Bill Morrow resigned as CEO and was replaced by interim CEO John W. Stanton.
On August 10, 2011, Clearwire promoted COO Erik Prusch to president and CEO, and named John Stanton executive chairman.
Clearwire stated that it might not honor a $237 million debt covenant due on December 1, 2011, in order to conserve cash.
However, on December 2, 2011, the company announced that not only had it made that payment, but it had made a new four-year deal with Sprint to receive funding for network buildout and investments valued at $1.6 billion.
In the middle of 2012, Clearwire reached a settlement to provide partial refunds of termination fees and service credits for individuals who experienced throttling as part of their dynamic network management policy.
On November 6, 2015, CLEAR service was terminated.
The WiMAX network was operated, without CLEAR customers, until early March 2016 because of a court order.
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Clearwire competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Doba | 2002 | $15.0M | 175 | - |
| Local Lighthouse | 2011 | $8.8M | 350 | - |
| IONOS | 1988 | $2.8B | 6,500 | 3 |
| Proxibid | 2001 | $15.1M | 350 | - |
| ModSquad | 2007 | $27.0M | 10,000 | 15 |
| SquareTrade | 1999 | $1.3B | 350 | 9 |
| Acquinity Interactive | 2011 | $240,000 | 2 | - |
| Atlantic BT | 1998 | $16.6M | 55 | 1 |
| GoDaddy | 1997 | $4.6B | 7,000 | 3 |
| Insight Solutions | 1994 | $4.2M | 34 | - |
Clearwire history FAQs
Zippia gives an in-depth look into the details of Clearwire, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Clearwire. The employee data is based on information from people who have self-reported their past or current employments at Clearwire. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Clearwire. The data presented on this page does not represent the view of Clearwire and its employees or that of Zippia.
Clearwire may also be known as or be related to Clearwire and Clearwire Corporation.